Paragon Capital Management LLC boosted its holdings in shares of TJX Companies Inc (NYSE:TJX) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,941 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,462 shares during the quarter. TJX Companies comprises approximately 4.5% of Paragon Capital Management LLC’s holdings, making the stock its 8th largest position. Paragon Capital Management LLC’s holdings in TJX Companies were worth $10,044,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Glassman Wealth Services lifted its position in shares of TJX Companies by 9.7% in the 1st quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock worth $114,000 after acquiring an additional 190 shares during the period. Seelaus Asset Management LLC lifted its position in shares of TJX Companies by 0.9% in the 2nd quarter. Seelaus Asset Management LLC now owns 21,268 shares of the apparel and home fashions retailer’s stock worth $1,125,000 after acquiring an additional 200 shares during the period. Sfmg LLC lifted its position in shares of TJX Companies by 3.7% in the 2nd quarter. Sfmg LLC now owns 5,892 shares of the apparel and home fashions retailer’s stock worth $329,000 after acquiring an additional 210 shares during the period. Clarus Wealth Advisors lifted its position in shares of TJX Companies by 3.7% in the 2nd quarter. Clarus Wealth Advisors now owns 6,053 shares of the apparel and home fashions retailer’s stock worth $320,000 after acquiring an additional 218 shares during the period. Finally, HighPoint Advisor Group LLC lifted its position in shares of TJX Companies by 2.6% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,544 shares of the apparel and home fashions retailer’s stock worth $456,000 after acquiring an additional 220 shares during the period. Hedge funds and other institutional investors own 89.45% of the company’s stock.
In related news, Director David T. Ching sold 20,000 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 28,771 shares of the company’s stock, valued at approximately $1,501,846.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.
TJX has been the subject of a number of research reports. Nomura raised their price objective on TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Cowen set a $62.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Tuesday. Credit Suisse Group increased their target price on TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Robert W. Baird assumed coverage on TJX Companies in a report on Monday, May 13th. They issued an “outperform” rating and a $63.00 target price for the company. Finally, ValuEngine cut TJX Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. TJX Companies presently has a consensus rating of “Buy” and a consensus target price of $59.56.
Shares of TJX traded down $1.41 during mid-day trading on Friday, reaching $53.47. The company had a trading volume of 2,800,364 shares, compared to its average volume of 6,567,483. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $57.15. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.46. The company’s 50-day moving average is $53.94 and its 200-day moving average is $52.78. The company has a market capitalization of $62.46 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.81 and a beta of 0.73.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.62. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The firm had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period last year, the firm posted $1.17 EPS. The business’s revenue was up 4.8% on a year-over-year basis. As a group, equities analysts expect that TJX Companies Inc will post 2.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued 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 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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