The TJX Companies, Inc. (NYSE:TJX) Position Trimmed by Jacobi Capital Management LLC

Jacobi Capital Management LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC acquired a new position in shares of TJX Companies during the fourth quarter worth approximately $1,087,000. FDx Advisors Inc. lifted its holdings in shares of TJX Companies by 57.0% during the fourth quarter. FDx Advisors Inc. now owns 17,479 shares of the apparel and home fashions retailer’s stock worth $1,327,000 after buying an additional 6,345 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in shares of TJX Companies during the fourth quarter worth approximately $38,000. Cim Investment Management Inc. lifted its holdings in shares of TJX Companies by 98.0% during the fourth quarter. Cim Investment Management Inc. now owns 10,787 shares of the apparel and home fashions retailer’s stock worth $764,000 after buying an additional 5,339 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of TJX Companies by 11.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 86,290 shares of the apparel and home fashions retailer’s stock worth $6,551,000 after buying an additional 8,890 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TJX. Morgan Stanley cut their price target on TJX Companies from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, July 18th. Credit Suisse Group upped their target price on TJX Companies from $73.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, May 19th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. TheStreet lowered TJX Companies from a “b” rating to a “c+” rating in a research note on Wednesday, May 18th. Finally, Barclays upped their target price on TJX Companies from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, April 13th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.50.

TJX Companies Price Performance

TJX Companies stock opened at $62.82 on Friday. The business’s 50-day simple moving average is $60.02 and its 200 day simple moving average is $62.38. The stock has a market cap of $73.60 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.92 and a beta of 0.92. The TJX Companies, Inc. has a 12-month low of $53.69 and a 12-month high of $77.35. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.60.

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. TJX Companies had a return on equity of 61.28% and a net margin of 6.69%. The firm had revenue of $11.41 billion for the quarter, compared to analyst estimates of $11.58 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 13.1% on a year-over-year basis. As a group, research analysts anticipate that The TJX Companies, Inc. will post 3.13 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Wednesday, August 10th. TJX Companies’s payout ratio is 42.91%.

Insider Buying and Selling at TJX Companies

In other news, EVP Richard Sherr sold 46,997 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $62.25, for a total transaction of $2,925,563.25. Following the sale, the executive vice president now owns 104,127 shares of the company’s stock, valued at $6,481,905.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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. Also, EVP Richard Sherr sold 46,997 shares of the firm’s 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 sale, the executive vice president now directly owns 104,127 shares in the company, valued at approximately $6,481,905.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,824 shares of company stock valued at $6,973,343. 0.19% of the stock is currently owned by company insiders.

TJX Companies Profile

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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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