Hall Laurie J Trustee decreased its holdings in shares of TJX Companies Inc (NYSE:TJX) by 2.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,725 shares of the apparel and home fashions retailer’s stock after selling 575 shares during the period. Hall Laurie J Trustee’s holdings in TJX Companies were worth $1,209,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in TJX. Nalls Sherbakoff Group LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth approximately $25,000. Stone House Investment Management LLC purchased a new stake in shares of TJX Companies in the 1st quarter worth approximately $25,000. Adirondack Trust Co. grew its stake in shares of TJX Companies by 100.0% in the 4th quarter. Adirondack Trust Co. now owns 580 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 290 shares during the last quarter. Westside Investment Management Inc. grew its stake in shares of TJX Companies by 100.0% in the 4th quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 300 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. grew its stake in shares of TJX Companies by 100.0% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 660 shares of the apparel and home fashions retailer’s stock worth $29,000 after buying an additional 330 shares during the last quarter. 91.42% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on TJX. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Monday, January 28th. MKM Partners upped their price target on TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, February 28th. Robert W. Baird began coverage on TJX Companies in a research note on Monday. They issued an “outperform” rating and a $63.00 price target on the stock. Morgan Stanley upped their price target on TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $62.00 price target (up previously from $56.00) on shares of TJX Companies in a research note on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $55.87.
NYSE TJX opened at $52.58 on Thursday. TJX Companies Inc has a 1-year low of $41.49 and a 1-year high of $56.64. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The firm has a market cap of $63.75 billion, a PE ratio of 24.92, a PEG ratio of 1.84 and a beta of 0.66.
TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, February 27th. The apparel and home fashions retailer reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.09). TJX Companies had a return on equity of 57.42% and a net margin of 7.85%. The business had revenue of $11.13 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same quarter in the previous year, the company posted $1.30 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, analysts forecast 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, June 6th. Shareholders of record on Thursday, May 16th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.20. TJX Companies’s dividend payout ratio is presently 36.97%.
TJX Companies declared that its Board of Directors has authorized a share buyback plan on Wednesday, February 27th that permits the company to buyback $2.25 billion in shares. This buyback authorization permits the apparel and home fashions retailer to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other news, EVP Kenneth Canestrari sold 25,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $54.97, for a total transaction of $1,374,250.00. Following the completion of the transaction, the executive vice president now owns 134,675 shares in the company, valued at $7,403,084.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Amy B. Lane sold 1,625 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $53.00, for a total value of $86,125.00. Following the transaction, the director now owns 29,467 shares of the company’s stock, valued at approximately $1,561,751. The disclosure for this sale can be found here. Insiders sold a total of 109,498 shares of company stock valued at $5,933,022 in the last quarter. 0.18% of the stock is currently owned by company insiders.
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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