Central Bank & Trust Co. boosted its holdings in TJX Companies Inc (NYSE:TJX) by 3.0% during the second quarter, Holdings Channel.com reports. The fund owned 44,939 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,315 shares during the period. Central Bank & Trust Co.’s holdings in TJX Companies were worth $2,376,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in shares of TJX Companies by 4.0% during the 1st quarter. FMR LLC now owns 53,531,356 shares of the apparel and home fashions retailer’s stock worth $2,848,403,000 after purchasing an additional 2,052,931 shares during the last quarter. Northern Trust Corp boosted its stake in shares of TJX Companies by 2.4% during the 1st quarter. Northern Trust Corp now owns 18,119,245 shares of the apparel and home fashions retailer’s stock worth $964,125,000 after purchasing an additional 428,865 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 9,515,682 shares during the period. Bank of America Corp DE lifted its holdings 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 acquiring an additional 8,580,989 shares during the period. Finally, Fiera Capital Corp lifted its holdings in shares of TJX Companies by 5.3% during the 1st quarter. Fiera Capital Corp now owns 12,587,070 shares of the apparel and home fashions retailer’s stock worth $669,759,000 after acquiring an additional 638,947 shares during the period. 88.91% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP Richard Sherr sold 1,480 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total value of $75,998.00. Following the transaction, the executive vice president now owns 117,228 shares in the company, valued at $6,019,657.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David T. Ching sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were 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 in the company, valued at approximately $1,501,846.20. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.
NYSE TJX traded up $0.37 during mid-day trading on Friday, hitting $55.42. The company’s stock had a trading volume of 61,848 shares, compared to its average volume of 4,549,295. TJX Companies Inc has a 52-week low of $41.49 and a 52-week high of $57.15. The company has a fifty day moving average price of $53.90. The company has a quick ratio of 0.46, a current ratio of 1.23 and a debt-to-equity ratio of 1.92. The stock has a market cap of $67.15 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.92 and a beta of 0.72.
TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the firm posted $1.13 earnings per share. TJX Companies’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, research analysts anticipate that TJX Companies Inc will post 2.63 earnings per share for the current 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 $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 annualized dividend and a yield of 1.66%. TJX Companies’s payout ratio is 43.60%.
Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Hammerson from a “hold” rating to a “sell” rating in a report on Friday, May 24th. MKM Partners increased their price objective on shares of TJX Companies to $62.00 in a report on Thursday, May 23rd. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Argus assumed coverage on shares of DIGITAL RLTY TR/SH in a report on Wednesday, July 3rd. They set a “buy” rating and a $140.00 price objective on the stock. Finally, Credit Suisse Group increased their price objective on shares of TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the stock. TJX Companies has an average rating of “Buy” and a consensus target price of $58.34.
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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