Waldron Private Wealth LLC lowered its stake in shares of TJX Companies Inc (NYSE:TJX) by 14.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,418 shares of the apparel and home fashions retailer’s stock after selling 2,016 shares during the quarter. Waldron Private Wealth LLC’s holdings in TJX Companies were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the business. Wallington Asset Management LLC increased its holdings in shares of TJX Companies by 2.7% in the 1st quarter. Wallington Asset Management LLC now owns 262,424 shares of the apparel and home fashions retailer’s stock valued at $13,964,000 after acquiring an additional 6,890 shares during the period. Ashburton Jersey Ltd increased its holdings in shares of TJX Companies by 400.9% in the 1st quarter. Ashburton Jersey Ltd now owns 5,860 shares of the apparel and home fashions retailer’s stock valued at $312,000 after acquiring an additional 4,690 shares during the period. Cetera Advisors LLC increased its holdings in shares of TJX Companies by 13.4% in the 1st quarter. Cetera Advisors LLC now owns 27,975 shares of the apparel and home fashions retailer’s stock valued at $1,491,000 after acquiring an additional 3,303 shares during the period. Seelaus Asset Management LLC acquired a new position in shares of TJX Companies in the 1st quarter valued at $1,121,000. Finally, Confluence Investment Management LLC increased its holdings in shares of TJX Companies by 2.1% in the 2nd quarter. Confluence Investment Management LLC now owns 1,060,531 shares of the apparel and home fashions retailer’s stock valued at $56,081,000 after acquiring an additional 21,974 shares during the period. 88.81% of the stock is currently owned by institutional investors.
In related news, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total value of $75,998.00. Following the sale, the executive vice president now directly owns 117,228 shares in the company, valued at approximately $6,019,657.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the sale, the director now owns 28,771 shares in the company, valued at $1,501,846.20. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.
Shares of NYSE TJX traded up $1.48 during trading on Tuesday, hitting $53.38. 4,442,472 shares of the company were exchanged, compared to its average volume of 5,181,598. The stock has a market cap of $62.71 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.73. TJX Companies Inc has a 1 year low of $41.49 and a 1 year high of $57.15. The stock has a fifty day moving average price of $54.13. 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 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.21 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 EPS. As a group, sell-side analysts forecast that TJX Companies Inc will post 2.63 earnings per share for the current year.
The business also recently announced 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 dividend yield of 1.72%. TJX Companies’s payout ratio is currently 43.60%.
A number of equities analysts recently weighed in on the stock. MKM Partners lifted their price objective on shares of TJX Companies to $62.00 in a research report on Thursday, May 23rd. Credit Suisse Group lifted their price objective on shares of TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, May 22nd. Cowen set a $63.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, June 4th. ValuEngine lowered shares of TJX Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Robert W. Baird assumed coverage on shares of TJX Companies in a research report on Monday, May 13th. They issued an “outperform” rating and a $63.00 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. The company has a consensus rating of “Buy” and a consensus price target 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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