Grimes & Company Inc. boosted its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 8.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,251 shares of the apparel and home fashions retailer’s stock after buying an additional 343 shares during the period. Grimes & Company Inc.’s holdings in TJX Companies, Inc. (The) were worth $307,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of TJX Companies, Inc. (The) by 0.4% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 301,573 shares of the apparel and home fashions retailer’s stock valued at $22,657,000 after buying an additional 1,164 shares during the last quarter. Wealthfront Inc. bought a new stake in shares of TJX Companies, Inc. (The) during the fourth quarter valued at about $877,000. Jackson Grant Investment Advisers Inc. raised its stake in shares of TJX Companies, Inc. (The) by 0.3% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 15,089 shares of the apparel and home fashions retailer’s stock valued at $1,134,000 after buying an additional 49 shares during the last quarter. Perigon Wealth Management LLC raised its stake in shares of TJX Companies, Inc. (The) by 13.7% in the fourth quarter. Perigon Wealth Management LLC now owns 28,033 shares of the apparel and home fashions retailer’s stock valued at $2,210,000 after buying an additional 3,367 shares during the last quarter. Finally, HighPoint Advisor Group LLC raised its stake in shares of TJX Companies, Inc. (The) by 3.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,708 shares of the apparel and home fashions retailer’s stock valued at $369,000 after buying an additional 137 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.
Shares of TJX Companies, Inc. (TJX) opened at 69.60 on Friday. The stock has a 50 day moving average of $71.45 and a 200-day moving average of $75.64. The stock has a market capitalization of $44.77 billion, a P/E ratio of 19.76 and a beta of 0.78. TJX Companies, Inc. has a 52-week low of $68.22 and a 52-week high of $83.64.
TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The firm had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts predict that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 annualized dividend and a yield of 1.80%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.51%.
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Several equities research analysts have issued reports on the stock. BidaskClub upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $79.00 target price (down from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday, May 16th. BMO Capital Markets set a $85.00 target price on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday. Finally, Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $84.11.
In other TJX Companies, Inc. (The) news, EVP Richard Sherr sold 1,179 shares of TJX Companies, Inc. (The) stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total value of $89,108.82. Following the transaction, the executive vice president now owns 120,000 shares in the company, valued at $9,069,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (The) stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the transaction, the executive vice president now owns 86,243 shares in the company, valued at approximately $6,537,219.40. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.
TJX Companies, Inc. (The) Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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