Crossmark Global Holdings Inc. trimmed its position in TJX Companies Inc (NYSE:TJX) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,883 shares of the apparel and home fashions retailer’s stock after selling 4,065 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in TJX Companies were worth $6,166,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Tyvor Capital LLC acquired a new stake in TJX Companies in the fourth quarter worth about $22,370,000. M Holdings Securities Inc. increased its position in TJX Companies by 92.6% in the fourth quarter. M Holdings Securities Inc. now owns 5,035 shares of the apparel and home fashions retailer’s stock worth $225,000 after purchasing an additional 2,421 shares during the period. NEXT Financial Group Inc increased its position in TJX Companies by 749.4% in the fourth quarter. NEXT Financial Group Inc now owns 2,939 shares of the apparel and home fashions retailer’s stock worth $131,000 after purchasing an additional 2,593 shares during the period. Cetera Advisor Networks LLC increased its position in TJX Companies by 98.7% in the fourth quarter. Cetera Advisor Networks LLC now owns 18,302 shares of the apparel and home fashions retailer’s stock worth $814,000 after purchasing an additional 9,093 shares during the period. Finally, Diamond Hill Capital Management Inc. increased its position in TJX Companies by 100.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,944,001 shares of the apparel and home fashions retailer’s stock worth $310,675,000 after purchasing an additional 3,481,378 shares during the period. Hedge funds and other institutional investors own 91.42% of the company’s stock.
In other news, Director Amy B. Lane sold 1,000 shares of TJX Companies stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $51.79, for a total transaction of $51,790.00. Following the transaction, the director now owns 31,092 shares in the company, valued at approximately $1,610,254.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Sherr sold 43,000 shares of TJX Companies stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $54.08, for a total value of $2,325,440.00. Following the transaction, the executive vice president now owns 118,708 shares in the company, valued at approximately $6,419,728.64. The disclosure for this sale can be found here. Insiders have sold a total of 109,498 shares of company stock worth $5,933,022 in the last quarter. 0.18% of the stock is currently owned by company insiders.
NYSE:TJX opened at $52.69 on Friday. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week 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 stock has a market cap of $63.85 billion, a PE ratio of 24.97, a price-to-earnings-growth ratio of 1.84 and a beta of 0.66.
TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, February 27th. The apparel and home fashions retailer reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.09). TJX Companies had a net margin of 7.85% and a return on equity of 57.42%. The business had revenue of $11.13 billion for the quarter, compared to the consensus estimate of $11.01 billion. During the same quarter last year, the firm earned $1.30 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities analysts expect that TJX Companies Inc will post 2.61 EPS for the current fiscal year.
TJX Companies declared that its board has authorized a stock buyback plan on Wednesday, February 27th that allows the company to buyback $2.25 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to reacquire up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.20. TJX Companies’s payout ratio is 36.97%.
Several equities analysts have recently issued reports on TJX shares. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Wednesday, May 1st. Argus boosted their target price on TJX Companies to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Cfra upgraded TJX Companies to a “buy” rating and set a $60.00 target price for the company in a research report on Thursday, February 28th. MKM Partners boosted their target price on TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th. Finally, Loop Capital boosted their target price on TJX Companies from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, February 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $55.87.
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TJX Companies 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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