Edgestream Partners L.P. raised its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 74.7% during the first quarter, Holdings Channel reports. The firm owned 21,232 shares of the apparel and home fashions retailer’s stock after buying an additional 9,078 shares during the period. TJX Companies, Inc. (The) comprises 0.7% of Edgestream Partners L.P.’s holdings, making the stock its 28th largest position. Edgestream Partners L.P.’s holdings in TJX Companies, Inc. (The) were worth $1,679,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. TrimTabs Asset Management LLC raised its position in TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock valued at $112,000 after buying an additional 664 shares during the period. Israel Discount Bank of New York acquired a new position in TJX Companies, Inc. (The) during the first quarter valued at $130,000. Mosaic Family Wealth LLC raised its position in TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock valued at $147,000 after buying an additional 108 shares during the period. Howard Hughes Medical Institute acquired a new position in TJX Companies, Inc. (The) during the first quarter valued at $171,000. Finally, SRS Capital Advisors Inc. raised its position in TJX Companies, Inc. (The) by 14.3% in the first quarter. SRS Capital Advisors Inc. now owns 2,201 shares of the apparel and home fashions retailer’s stock valued at $174,000 after buying an additional 276 shares during the period. Institutional investors own 89.85% of the company’s stock.
TJX Companies, Inc. (NYSE TJX) traded down 1.15% during mid-day trading on Wednesday, hitting $70.68. 1,119,759 shares of the stock were exchanged. TJX Companies, Inc. has a 12-month low of $66.65 and a 12-month high of $83.64. The firm has a 50-day moving average price of $70.27 and a 200-day moving average price of $75.23. The stock has a market capitalization of $45.47 billion, a P/E ratio of 20.07 and a beta of 0.77.
TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The firm had revenue of $7.78 billion for the quarter, compared to analysts’ expectations of $7.88 billion. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 EPS. Equities analysts predict that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.
The company 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. This represents a $1.25 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, August 8th. TJX Companies, Inc. (The)’s payout ratio is 35.51%.
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Several equities analysts have recently weighed in 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 restated an “outperform” rating and set a $79.00 price objective (down previously 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 price objective 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 price objective on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $83.72.
In other TJX Companies, Inc. (The) news, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value 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 available at this hyperlink. Also, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total value of $89,108.82. Following the completion of 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. Insiders own 0.23% of the company’s stock.
About TJX Companies, Inc. (The)
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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