Raub Brock Capital Management LP trimmed its holdings in shares of TJX Companies Inc (NYSE:TJX) by 3.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 398,022 shares of the apparel and home fashions retailer’s stock after selling 15,704 shares during the period. TJX Companies makes up about 4.3% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 11th biggest position. Raub Brock Capital Management LP’s holdings in TJX Companies were worth $21,047,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in TJX. FMR LLC lifted its holdings in shares of TJX Companies by 106.0% during the 4th quarter. FMR LLC now owns 51,478,425 shares of the apparel and home fashions retailer’s stock worth $2,303,144,000 after acquiring an additional 26,485,840 shares during the period. Norges Bank acquired a new stake in shares of TJX Companies during the 4th quarter worth about $545,373,000. Geode Capital Management LLC increased its position in shares of TJX Companies by 115.8% during the 4th quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock worth $792,161,000 after purchasing an additional 9,515,682 shares in the last quarter. Bank of America Corp DE increased its position in shares of TJX Companies by 101.0% during the 4th quarter. Bank of America Corp DE now owns 17,076,340 shares of the apparel and home fashions retailer’s stock worth $763,995,000 after purchasing an additional 8,580,989 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of TJX Companies by 85.5% during the 4th quarter. American Century Companies Inc. now owns 12,276,969 shares of the apparel and home fashions retailer’s stock worth $549,272,000 after purchasing an additional 5,659,944 shares in the last quarter. 88.91% of the stock is owned by institutional investors.
In other TJX Companies news, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total value of $1,044,000.00. Following the transaction, the director now directly owns 28,771 shares in the company, valued at $1,501,846.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Richard Sherr sold 1,480 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total transaction of $75,998.00. Following the completion of the transaction, the executive vice president now owns 117,228 shares in the company, valued at $6,019,657.80. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.
A number of equities research analysts recently issued reports on TJX shares. MKM Partners increased their target price on shares of TJX Companies to $62.00 in a research report on Thursday, May 23rd. Nomura lifted their price objective on shares of TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Credit Suisse Group lifted their price target on shares of TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. Cowen set a $63.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Argus initiated coverage on shares of DIGITAL RLTY TR/SH in a report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $58.34.
TJX traded up $0.71 during trading on Friday, reaching $55.76. 2,876,949 shares of the stock were exchanged, compared to its average volume of 5,918,389. The company has a market cap of $67.15 billion, a PE ratio of 26.43, a P/E/G ratio of 1.92 and a beta of 0.72. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $57.15. The business’s 50 day moving average price is $53.90. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.46 and a current ratio of 1.23.
TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. The business had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.21 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.13 earnings per share. On average, equities analysts anticipate that TJX Companies Inc will post 2.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.65%. TJX Companies’s dividend payout ratio is currently 43.60%.
TJX Companies Company Profile
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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