Watch Point Trust Co grew its position in TJX Companies Inc (NYSE:TJX) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,886 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,794 shares during the quarter. TJX Companies comprises about 2.3% of Watch Point Trust Co’s portfolio, making the stock its 13th largest position. Watch Point Trust Co’s holdings in TJX Companies were worth $4,118,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in TJX. Stone House Investment Management LLC bought a new position in shares of TJX Companies in the first quarter worth about $25,000. CSU Producer Resources Inc. bought a new position in shares of TJX Companies in the first quarter worth about $27,000. Financial Gravity Wealth Inc. bought a new position in shares of TJX Companies in the first quarter worth about $30,000. Ellevest Inc. grew its holdings in shares of TJX Companies by 1,428.9% in the first quarter. Ellevest Inc. now owns 9,632 shares of the apparel and home fashions retailer’s stock worth $31,000 after purchasing an additional 9,002 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of TJX Companies by 202.6% in the second quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock worth $31,000 after purchasing an additional 393 shares during the last quarter. 88.81% of the stock is currently owned by institutional investors and hedge funds.
In other TJX Companies news, 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 directly owns 28,771 shares of the company’s stock, valued at approximately $1,501,846.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Sherr sold 1,480 shares of the firm’s stock in a transaction that occurred on 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 directly owns 117,228 shares of the company’s stock, valued at $6,019,657.80. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.
Shares of TJX Companies stock traded down $1.06 during midday trading on Thursday, hitting $50.37. The company had a trading volume of 215,399 shares, compared to its average volume of 5,208,254. The stock has a market capitalization of $62.93 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.81 and a beta of 0.73. The company has a current ratio of 1.23, a quick ratio of 0.46 and a debt-to-equity ratio of 1.92. The business has a fifty day moving average price of $54.11. TJX Companies Inc has a 12-month low of $41.49 and a 12-month high of $57.15.
TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $9.21 billion. During the same period last year, the firm posted $1.13 EPS. TJX Companies’s revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts anticipate that TJX Companies Inc will post 2.63 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. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s dividend payout ratio is presently 43.60%.
A number of research analysts have recently commented on the stock. ValuEngine cut shares of TJX Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Robert W. Baird assumed coverage on shares of TJX Companies in a report on Monday, May 13th. They set an “outperform” rating and a $63.00 target price on the stock. Nomura increased their price target on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Credit Suisse Group increased their price target 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. Finally, Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company’s stock. TJX Companies currently has a consensus rating of “Buy” and an average 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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