SRS Capital Advisors Inc. purchased a new stake in TJX Companies Inc (NYSE:TJX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,275 shares of the apparel and home fashions retailer’s stock, valued at approximately $226,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Glassman Wealth Services raised its stake in 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 valued at $114,000 after acquiring an additional 190 shares during the period. Seelaus Asset Management LLC raised its stake in 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 valued at $1,125,000 after acquiring an additional 200 shares during the period. Sfmg LLC raised its stake in 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 valued at $329,000 after acquiring an additional 210 shares during the period. Clarus Wealth Advisors raised its stake in 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 valued at $320,000 after acquiring an additional 218 shares during the period. Finally, HighPoint Advisor Group LLC raised its stake in 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 valued at $456,000 after acquiring an additional 220 shares during the period. Institutional investors own 89.45% of the company’s stock.
In other news, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 28,771 shares of the company’s stock, valued at $1,501,846.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.
Shares of TJX traded up $0.84 during midday trading on Thursday, hitting $55.45. 223,626 shares of the company traded hands, compared to its average volume of 7,897,947. The stock has a 50-day moving average of $53.81 and a 200-day moving average of $52.92. TJX Companies Inc has a one year low of $41.49 and a one year high of $57.15. The firm has a market cap of $64.82 billion, a P/E ratio of 26.23, a PEG ratio of 1.93 and a beta of 0.73. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48.
TJX Companies (NYSE:TJX) last announced 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 Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $9.89 billion. During the same period in the prior year, the business posted $1.17 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts forecast that TJX Companies Inc will post 2.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s payout ratio is 43.60%.
A number of brokerages recently issued reports on TJX. Nomura boosted their price objective on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Loop Capital upgraded TJX Companies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $60.00 in a research note on Friday, August 16th. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Friday, May 24th. Credit Suisse Group boosted their price objective on TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Finally, Bank of America set a $65.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $59.56.
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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