Redpoint Investment Management Pty Ltd lowered its position in shares of TJX Companies Inc (NYSE:TJX) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,920 shares of the apparel and home fashions retailer’s stock after selling 6,232 shares during the period. Redpoint Investment Management Pty Ltd’s holdings in TJX Companies were worth $5,178,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wallington Asset Management LLC increased its position in shares of TJX Companies by 2.7% during the first 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 in the last quarter. Ashburton Jersey Ltd boosted its stake in shares of TJX Companies by 400.9% during the 1st quarter. Ashburton Jersey Ltd now owns 5,860 shares of the apparel and home fashions retailer’s stock worth $312,000 after acquiring an additional 4,690 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of TJX Companies by 13.4% during the 1st quarter. Cetera Advisors LLC now owns 27,975 shares of the apparel and home fashions retailer’s stock worth $1,491,000 after acquiring an additional 3,303 shares during the last quarter. Seelaus Asset Management LLC purchased a new position in shares of TJX Companies during the 1st quarter worth $1,121,000. Finally, Confluence Investment Management LLC boosted its stake in shares of TJX Companies by 2.1% during the 2nd quarter. Confluence Investment Management LLC now owns 1,060,531 shares of the apparel and home fashions retailer’s stock worth $56,081,000 after acquiring an additional 21,974 shares during the last quarter. 89.45% of the stock is owned by institutional investors.
In other news, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total value of $1,044,000.00. Following the sale, the director now directly 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 is accessible through this link. Insiders own 0.18% of the company’s stock.
NYSE TJX traded down $1.79 on Friday, reaching $53.09. The company had a trading volume of 7,654,495 shares, compared to its average volume of 7,434,068. The company has a quick ratio of 0.46, a current ratio of 1.25 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $66.55 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.93 and a beta of 0.73. The firm’s 50 day moving average price is $53.92 and its 200 day moving average price is $52.80. 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 results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.62. The company had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $9.89 billion. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. TJX Companies’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.17 EPS. On average, research analysts expect that TJX Companies Inc will post 2.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.73%. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.
Several brokerages have recently weighed in on TJX. Robert W. Baird initiated coverage on shares of TJX Companies in a research note on Monday, May 13th. They set an “outperform” rating and a $63.00 price target on the stock. ValuEngine downgraded shares of TJX Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Nomura raised their price objective 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. Cowen set a $62.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $59.56.
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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