Jacobi Capital Management LLC Has $533,000 Holdings in The TJX Companies, Inc. (NYSE:TJX)

Jacobi Capital Management LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,798 shares of the apparel and home fashions retailer’s stock after selling 185 shares during the quarter. Jacobi Capital Management LLC’s holdings in TJX Companies were worth $533,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Gateway Investment Advisers LLC raised its stake in shares of TJX Companies by 11.9% in the first quarter. Gateway Investment Advisers LLC now owns 15,512 shares of the apparel and home fashions retailer’s stock valued at $940,000 after purchasing an additional 1,650 shares in the last quarter. Capital Investment Advisors LLC bought a new stake in TJX Companies in the first quarter valued at $120,000. AIA Group Ltd grew its position in TJX Companies by 40.5% in the first quarter. AIA Group Ltd now owns 11,735 shares of the apparel and home fashions retailer’s stock valued at $711,000 after acquiring an additional 3,385 shares during the period. Oppenheimer & Co. Inc. grew its position in TJX Companies by 11.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 86,290 shares of the apparel and home fashions retailer’s stock valued at $6,551,000 after acquiring an additional 8,890 shares during the period. Finally, Banque Pictet & Cie SA grew its position in TJX Companies by 13.8% in the fourth quarter. Banque Pictet & Cie SA now owns 144,573 shares of the apparel and home fashions retailer’s stock valued at $10,976,000 after acquiring an additional 17,580 shares during the period. 91.45% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.7 %

NYSE:TJX opened at $62.82 on Friday. The TJX Companies, Inc. has a 1-year low of $53.69 and a 1-year high of $77.35. The business’s 50-day moving average price is $60.02 and its two-hundred day moving average price is $62.38. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $73.60 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.92 and a beta of 0.92.

TJX Companies (NYSE:TJXGet Rating) last released its earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.08. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $11.58 billion. TJX Companies had a return on equity of 61.28% and a net margin of 6.69%. The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 3.13 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 11th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, August 10th. TJX Companies’s dividend payout ratio is currently 42.91%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Credit Suisse Group upped their price target on TJX Companies from $73.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, May 19th. TheStreet cut TJX Companies from a “b” rating to a “c+” rating in a report on Wednesday, May 18th. Gordon Haskett cut TJX Companies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $67.00 to $60.00 in a report on Thursday, July 28th. Morgan Stanley decreased their target price on TJX Companies from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Finally, JPMorgan Chase & Co. decreased their target price on TJX Companies from $81.00 to $76.00 in a report on Monday, May 16th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $76.50.

Insider Transactions at TJX Companies

In other news, CFO Scott Goldenberg sold 30,000 shares of the firm’s stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $62.03, for a total transaction of $1,860,900.00. Following the sale, the chief financial officer now owns 119,127 shares of the company’s stock, valued at $7,389,447.81. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Scott Goldenberg sold 30,000 shares of the stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $62.03, for a total transaction of $1,860,900.00. Following the completion of the transaction, the chief financial officer now directly owns 119,127 shares in the company, valued at $7,389,447.81. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Richard Sherr sold 46,997 shares of the stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $62.25, for a total value of $2,925,563.25. Following the transaction, the executive vice president now owns 104,127 shares of the company’s stock, valued at $6,481,905.75. The disclosure for this sale can be found here. Insiders have sold a total of 112,824 shares of company stock valued at $6,973,343 over the last 90 days. 0.19% of the stock is owned by company insiders.

About TJX Companies

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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; jewelry and accessories; and other merchandise.

Further Reading

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

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