Rosenbaum Jay D. reduced its position in shares of TJX Companies Inc (NYSE:TJX) by 5.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 29,865 shares of the apparel and home fashions retailer’s stock after selling 1,750 shares during the quarter. TJX Companies comprises approximately 3.0% of Rosenbaum Jay D.’s portfolio, making the stock its 8th biggest holding. Rosenbaum Jay D.’s holdings in TJX Companies were worth $1,579,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in TJX Companies by 4.0% in the 1st quarter. FMR LLC now owns 53,531,356 shares of the apparel and home fashions retailer’s stock valued at $2,848,403,000 after acquiring an additional 2,052,931 shares in the last quarter. Northern Trust Corp raised its holdings in TJX Companies by 2.4% in the 1st quarter. Northern Trust Corp now owns 18,119,245 shares of the apparel and home fashions retailer’s stock valued at $964,125,000 after acquiring an additional 428,865 shares in the last quarter. Geode Capital Management LLC raised its holdings in TJX Companies by 115.8% in the 4th quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock valued at $792,161,000 after acquiring an additional 9,515,682 shares in the last quarter. Fiera Capital Corp raised its holdings in TJX Companies by 5.3% in the 1st quarter. Fiera Capital Corp now owns 12,587,070 shares of the apparel and home fashions retailer’s stock valued at $669,759,000 after acquiring an additional 638,947 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in TJX Companies by 0.6% in the 1st quarter. Wells Fargo & Company MN now owns 11,285,780 shares of the apparel and home fashions retailer’s stock valued at $600,516,000 after acquiring an additional 67,636 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have weighed in on TJX shares. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, May 24th. Credit Suisse Group lifted their price objective on TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Robert W. Baird started coverage on TJX Companies in a report on Monday, May 13th. They issued an “outperform” rating and a $63.00 price objective for the company. ValuEngine cut TJX Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, MKM Partners lifted their price objective on TJX Companies to $62.00 in a report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $58.34.
In related news, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total transaction of $75,998.00. Following the sale, the executive vice president now owns 117,228 shares in the company, valued at approximately $6,019,657.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total value of $1,044,000.00. Following the sale, the director now owns 28,771 shares in the company, valued at approximately $1,501,846.20. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.
Shares of TJX traded down $1.06 during midday trading on Thursday, hitting $50.37. The company’s stock had a trading volume of 215,399 shares, compared to its average volume of 5,208,254. The company has a market cap of $62.93 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.81 and a beta of 0.73. TJX Companies Inc has a one year low of $41.49 and a one year high of $57.15. 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 company’s fifty day moving average price is $54.11.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.21 billion. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. TJX Companies’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS. As a group, equities analysts forecast that TJX Companies Inc will post 2.63 EPS for the current year.
The company also recently disclosed 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 1.83%. TJX Companies’s dividend payout ratio is currently 43.60%.
About TJX Companies
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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