Amalgamated Bank reduced its position in TJX Companies, Inc. (The) (NYSE:TJX) by 30.1% during the first quarter, Holdings Channel reports. The fund owned 49,957 shares of the apparel and home fashions retailer’s stock after selling 21,538 shares during the period. Amalgamated Bank’s holdings in TJX Companies, Inc. (The) were worth $3,951,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Confluence Investment Management LLC increased its stake in TJX Companies, Inc. (The) by 2.0% in the first quarter. Confluence Investment Management LLC now owns 504,835 shares of the apparel and home fashions retailer’s stock worth $39,922,000 after buying an additional 10,094 shares during the period. Osborn Williams & Donohoe LLC increased its stake in TJX Companies, Inc. (The) by 2.7% in the first quarter. Osborn Williams & Donohoe LLC now owns 52,668 shares of the apparel and home fashions retailer’s stock worth $4,165,000 after buying an additional 1,404 shares during the period. Charter Trust Co. purchased a new stake in TJX Companies, Inc. (The) during the first quarter worth $252,000. Stock Yards Bank & Trust Co. increased its stake in TJX Companies, Inc. (The) by 5.9% in the first quarter. Stock Yards Bank & Trust Co. now owns 78,800 shares of the apparel and home fashions retailer’s stock worth $6,231,000 after buying an additional 4,383 shares during the period. Finally, Sheets Smith Wealth Management increased its stake in TJX Companies, Inc. (The) by 2.0% in the first quarter. Sheets Smith Wealth Management now owns 29,698 shares of the apparel and home fashions retailer’s stock worth $2,348,000 after buying an additional 585 shares during the period. Institutional investors and hedge funds own 89.27% of the company’s stock.
TJX Companies, Inc. (NYSE:TJX) traded up 0.80% on Friday, hitting $70.16. 3,323,160 shares of the stock were exchanged. TJX Companies, Inc. has a 1-year low of $66.65 and a 1-year high of $83.64. The company has a 50-day moving average price of $70.27 and a 200 day moving average price of $75.23. The company has a market capitalization of $45.13 billion, a PE ratio of 19.92 and a beta of 0.77.
TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. The firm had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.88 billion. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 EPS. Analysts anticipate that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.78%. TJX Companies, Inc. (The)’s dividend payout ratio is 35.51%.
TJX has been the topic of a number of recent research reports. BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research downgraded TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, April 26th. Jefferies Group LLC set a $80.00 target price on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, May 16th. Royal Bank Of Canada reissued 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. Finally, Credit Suisse Group set a $72.00 target price on TJX Companies, Inc. (The) and gave the stock a “neutral” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. TJX Companies, Inc. (The) has an average rating of “Buy” and a consensus price target of $83.72.
In related news, EVP Kenneth Canestrari sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total transaction of $303,200.00. Following the sale, the executive vice president now owns 86,243 shares in the company, valued at approximately $6,537,219.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Sherr sold 1,179 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the sale, the executive vice president now owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
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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