Everence Capital Management Inc. Makes New $2.33 Million Investment in The TJX Companies, Inc. (NYSE:TJX)


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Everence Capital Management Inc. bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the first quarter, HoldingsChannel.com reports. The firm bought 35,223 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,330,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grant Street Asset Management Inc. bought a new stake in The TJX Companies during the 4th quarter worth approximately $27,000. JJJ Advisors Inc. raised its position in shares of The TJX Companies by 4,522.2% during the fourth quarter. JJJ Advisors Inc. now owns 416 shares of the apparel and home fashions retailer’s stock valued at $28,000 after buying an additional 407 shares during the last quarter. JNBA Financial Advisors raised its position in shares of The TJX Companies by 430.0% during the fourth quarter. JNBA Financial Advisors now owns 424 shares of the apparel and home fashions retailer’s stock valued at $29,000 after buying an additional 344 shares during the last quarter. Concord Wealth Partners bought a new stake in shares of The TJX Companies during the fourth quarter valued at approximately $33,000. Finally, WD Rutherford LLC bought a new stake in shares of The TJX Companies during the fourth quarter valued at approximately $36,000. Institutional investors own 88.81% of the company’s stock.

TJX has been the topic of several recent analyst reports. William Blair reiterated an “outperform” rating on shares of The TJX Companies in a research report on Wednesday, March 24th. Morgan Stanley lifted their price objective on shares of The TJX Companies from $70.00 to $76.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 20th. Royal Bank of Canada reaffirmed a “buy” rating on shares of The TJX Companies in a research note on Tuesday, January 19th. Zacks Investment Research lowered shares of The TJX Companies from a “hold” rating to a “sell” rating and set a $73.00 price objective for the company. in a research note on Thursday, February 25th. Finally, Guggenheim lifted their price objective on shares of The TJX Companies from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, December 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $69.20.

In related news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 9th. The stock was sold at an average price of $66.78, for a total value of $100,170.00. Following the sale, the director now owns 28,311 shares in the company, valued at $1,890,608.58. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Shares of TJX traded up $0.96 during mid-day trading on Thursday, hitting $68.74. 117,764 shares of the company traded hands, compared to its average volume of 6,926,477. The TJX Companies, Inc. has a 1-year low of $42.52 and a 1-year high of $71.06. The company has a quick ratio of 0.99, a current ratio of 1.41 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $82.53 billion, a PE ratio of 112.97, a price-to-earnings-growth ratio of 14.77 and a beta of 0.93. The business has a 50 day moving average of $66.34 and a 200 day moving average of $63.35.

The TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, February 23rd. The apparel and home fashions retailer reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.12). The TJX Companies had a net margin of 2.24% and a return on equity of 14.34%. The company had revenue of $10.94 billion for the quarter, compared to analyst estimates of $11.42 billion. During the same quarter last year, the company earned $0.81 EPS. As a group, research analysts expect that The TJX Companies, Inc. will post 0.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 3rd. Stockholders of record on Thursday, May 13th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, May 12th. This represents a $1.04 annualized dividend and a dividend yield of 1.51%. The TJX Companies’s dividend payout ratio (DPR) is currently 38.95%.

The TJX Companies Profile

The TJX Companies, Inc, together with its subsidiaries, 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; fine jewelry and accessories; and other merchandise.

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

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