Verity & Verity LLC lessened its stake in shares of TJX Companies Inc (NYSE:TJX) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 48,229 shares of the apparel and home fashions retailer’s stock after selling 785 shares during the period. Verity & Verity LLC’s holdings in TJX Companies were worth $2,550,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of TJX. Nalls Sherbakoff Group LLC bought a new position in TJX Companies in the fourth quarter worth approximately $25,000. Stone House Investment Management LLC purchased a new stake in shares of TJX Companies during the first quarter valued at $25,000. CSU Producer Resources Inc. purchased a new stake in shares of TJX Companies during the first quarter valued at $27,000. Financial Gravity Wealth Inc. purchased a new stake in shares of TJX Companies during the first quarter valued at $30,000. Finally, Brandywine Global Investment Management LLC grew its holdings in shares of TJX Companies by 100.0% during the fourth quarter. Brandywine Global Investment Management LLC now owns 682 shares of the apparel and home fashions retailer’s stock valued at $31,000 after buying an additional 341 shares during the last quarter. 88.91% of the stock is owned by institutional investors.
In related news, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Richard Sherr sold 1,480 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total transaction of $75,998.00. Following the transaction, the executive vice president now owns 117,228 shares of the company’s stock, valued at approximately $6,019,657.80. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.
Shares of TJX Companies stock traded up $0.61 during trading hours on Friday, reaching $55.66. The stock had a trading volume of 1,259,183 shares, compared to its average volume of 4,549,295. The company’s 50 day simple moving average is $53.90. The stock has a market cap of $67.15 billion, a price-to-earnings ratio of 26.38, a PEG 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 company has a quick ratio of 0.46, a current ratio of 1.23 and a debt-to-equity ratio of 1.92.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts forecast that TJX Companies Inc will post 2.63 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.65%. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.
Several equities research analysts have commented on TJX shares. Credit Suisse Group upped their price target on shares of TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Zacks Investment Research lowered shares of Hammerson from a “hold” rating to a “sell” rating in a report on Friday, May 24th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Argus initiated coverage on shares of DIGITAL RLTY TR/SH in a research report on Wednesday, July 3rd. They issued a “buy” rating and a $140.00 price objective for the company. Finally, Cowen set a $63.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus 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.
Featured Story: Momentum Indicators
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.