Tokio Marine Asset Management Co. Ltd. lowered its stake in TJX Companies Inc (NYSE:TJX) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 174,773 shares of the apparel and home fashions retailer’s stock after selling 4,974 shares during the quarter. TJX Companies comprises approximately 1.6% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 21st largest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in TJX Companies were worth $9,242,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new position in TJX Companies during the 1st quarter worth about $25,000. CSU Producer Resources Inc. acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $27,000. Financial Gravity Wealth Inc. acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $30,000. Ellevest Inc. raised its position in shares of TJX Companies by 1,428.9% in the first quarter. Ellevest Inc. now owns 9,632 shares of the apparel and home fashions retailer’s stock valued at $31,000 after buying an additional 9,002 shares in the last quarter. Finally, Lenox Wealth Management Inc. raised its position in shares of TJX Companies by 92.0% in the first quarter. Lenox Wealth Management Inc. now owns 626 shares of the apparel and home fashions retailer’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. 88.82% of the stock is currently owned by institutional investors.
In other news, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the transaction, the director now directly owns 28,771 shares of the company’s stock, valued at $1,501,846.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total value of $75,998.00. Following the transaction, the executive vice president now directly owns 117,228 shares of the company’s stock, valued at $6,019,657.80. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.
Several research analysts have commented on TJX shares. Credit Suisse Group boosted their price objective on shares of TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Cowen set a $63.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Argus reaffirmed a “buy” rating on shares of TJX Companies in a research report on Wednesday, July 3rd. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Friday, May 24th. Finally, Robert W. Baird assumed coverage on shares of TJX Companies in a research report on Monday, May 13th. They issued an “outperform” rating and a $63.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $58.34.
TJX traded down $1.99 on Monday, hitting $50.37. The company’s stock had a trading volume of 343,806 shares, compared to its average volume of 4,822,596. TJX Companies Inc has a 12 month low of $41.49 and a 12 month high of $57.15. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92. The stock has a market cap of $63.50 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 1.83 and a beta of 0.73. The stock’s 50 day simple moving average is $54.36.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the prior year, the firm earned $1.13 earnings per share. TJX Companies’s revenue was up 6.8% on a year-over-year basis. Research analysts anticipate that TJX Companies Inc will post 2.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.
TJX Companies Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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