CSat Investment Advisory L.P. Has $254,000 Holdings in TJX Companies Inc (NYSE:TJX)

CSat Investment Advisory L.P. decreased its holdings in shares of TJX Companies Inc (NYSE:TJX) by 21.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,774 shares of the apparel and home fashions retailer’s stock after selling 1,333 shares during the quarter. CSat Investment Advisory L.P.’s holdings in TJX Companies were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of TJX. BlackRock Inc. raised its holdings in TJX Companies by 113.3% during the 4th quarter. BlackRock Inc. now owns 90,260,028 shares of the apparel and home fashions retailer’s stock valued at $4,038,232,000 after acquiring an additional 47,939,993 shares during the period. FMR LLC raised its holdings in 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 valued at $2,303,144,000 after acquiring an additional 26,485,840 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in TJX Companies by 13,963.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 26,176,882 shares of the apparel and home fashions retailer’s stock valued at $585,000 after acquiring an additional 25,990,744 shares during the period. Bank of New York Mellon Corp raised its holdings in TJX Companies by 77.9% during the 4th quarter. Bank of New York Mellon Corp now owns 33,050,653 shares of the apparel and home fashions retailer’s stock valued at $1,478,686,000 after acquiring an additional 14,469,980 shares during the period. Finally, Norges Bank bought a new stake in TJX Companies during the 4th quarter valued at $545,373,000. 89.13% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the stock. Loop Capital upped their price target on shares of TJX Companies from $47.00 to $50.00 and gave the stock a “hold” rating in a report on Wednesday, February 27th. Nomura upped their price target on shares of TJX Companies from $55.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Friday, May 24th. Cowen set a $63.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Finally, Credit Suisse Group upped their target price on shares of TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $56.46.

NYSE TJX opened at $52.06 on Wednesday. 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 Inc has a 12-month low of $41.49 and a 12-month high of $56.64. The stock has a market cap of $62.96 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 1.82 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 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Sell-side analysts predict that TJX Companies Inc will post 2.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders 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 yield of 1.77%. TJX Companies’s payout ratio is 43.60%.

TJX Companies declared that its Board of Directors has approved a stock repurchase 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 purchase up to 3.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

In other news, Director Amy B. Lane sold 1,625 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $53.00, for a total transaction of $86,125.00. Following the completion of the transaction, the director now directly owns 29,467 shares of the company’s stock, valued at $1,561,751. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Scott Goldenberg sold 37,248 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $53.90, for a total transaction of $2,007,667.20. Following the transaction, the chief financial officer now directly owns 195,712 shares of the company’s stock, valued at $10,548,876.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 109,978 shares of company stock valued at $5,957,230. Company insiders own 0.18% of the company’s stock.

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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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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