Slow Capital Inc. Boosts Stake in TJX Companies Inc (NYSE:TJX)

Slow Capital Inc. grew its position in shares of TJX Companies Inc (NYSE:TJX) by 4.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 49,534 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,963 shares during the period. TJX Companies comprises about 1.1% of Slow Capital Inc.’s holdings, making the stock its 26th largest holding. Slow Capital Inc.’s holdings in TJX Companies were worth $2,619,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Comerica Securities Inc. grew its position in shares of TJX Companies by 1,053.4% during the fourth quarter. Comerica Securities Inc. now owns 147,191 shares of the apparel and home fashions retailer’s stock valued at $6,585,000 after purchasing an additional 134,430 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in TJX Companies by 103.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,709,381 shares of the apparel and home fashions retailer’s stock worth $165,944,000 after purchasing an additional 1,889,337 shares during the last quarter. Geode Capital Management LLC lifted its stake in TJX Companies by 115.8% in the fourth quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock worth $792,161,000 after purchasing an additional 9,515,682 shares during the last quarter. Legacy Advisors LLC bought a new stake in TJX Companies in the first quarter worth about $92,000. Finally, TrimTabs Asset Management LLC bought a new stake in TJX Companies in the first quarter worth about $1,336,000. Hedge funds and other institutional investors own 88.81% of the company’s stock.

Several analysts have issued reports on TJX shares. Robert W. Baird started coverage on shares of TJX Companies in a research note on Monday, May 13th. They issued an “outperform” rating and a $63.00 price objective for the company. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Friday, May 24th. Nomura lifted their price target on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Cowen set a $63.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Credit Suisse Group lifted their price target on shares of TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company’s stock. TJX Companies presently has a consensus rating of “Buy” and an average price target of $58.34.

In related news, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were 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 in the company, valued at $1,501,846.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total transaction of $75,998.00. Following the transaction, the executive vice president now owns 117,228 shares of the company’s stock, valued at $6,019,657.80. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Shares of NYSE:TJX traded up $1.54 on Tuesday, hitting $53.44. 336,498 shares of the company were exchanged, compared to its average volume of 5,181,598. TJX Companies Inc has a 1-year low of $41.49 and a 1-year high of $57.15. The stock has a 50 day moving average price of $54.13. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46. The stock has a market cap of $62.71 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.85 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.21 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 earnings per share. On average, sell-side analysts forecast that TJX Companies Inc will post 2.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given 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 1.72%. TJX Companies’s dividend payout ratio is presently 43.60%.

TJX Companies Company 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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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