Cypress Asset Management Inc. TX reduced its position in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 1.7% during the second quarter, Holdings Channel reports. The firm owned 4,375 shares of the apparel and home fashions retailer’s stock after selling 75 shares during the period. Cypress Asset Management Inc. TX’s holdings in TJX Companies, Inc. (The) were worth $316,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Parametrica Management Ltd purchased a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth $280,000. Private Bank & Trust Co. increased its stake in shares of TJX Companies, Inc. (The) by 110.8% in the first quarter. Private Bank & Trust Co. now owns 8,172 shares of the apparel and home fashions retailer’s stock worth $646,000 after buying an additional 4,295 shares during the period. Alpha Windward LLC increased its stake in shares of TJX Companies, Inc. (The) by 104.3% in the first quarter. Alpha Windward LLC now owns 2,615 shares of the apparel and home fashions retailer’s stock worth $207,000 after buying an additional 1,335 shares during the period. Weybosset Research & Management LLC increased its stake in shares of TJX Companies, Inc. (The) by 1.0% in the first quarter. Weybosset Research & Management LLC now owns 77,865 shares of the apparel and home fashions retailer’s stock worth $6,158,000 after buying an additional 770 shares during the period. Finally, Edge Wealth Management LLC purchased a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth $176,000. Institutional investors and hedge funds own 89.85% of the company’s stock.
Shares of TJX Companies, Inc. (NYSE TJX) traded down 0.62% on Wednesday, reaching $71.06. The company’s stock had a trading volume of 1,943,700 shares. TJX Companies, Inc. has a 52 week low of $66.65 and a 52 week high of $83.64. The stock has a 50-day moving average of $70.27 and a 200 day moving average of $75.23. The stock has a market capitalization of $45.71 billion, a price-to-earnings ratio of 20.18 and a beta of 0.77.
TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ 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 return on equity of 53.34% and a net margin of 6.96%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. On average, analysts expect that TJX Companies, Inc. will post $3.89 EPS for the current year.
The company also recently declared 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 dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio is 35.51%.
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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Credit Suisse Group restated a “hold” rating and set a $79.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. BMO Capital Markets restated a “buy” rating and set a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Thursday, June 8th. Instinet restated a “buy” rating and set a $84.00 price objective (down from $87.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, Nomura restated a “buy” rating and set a $84.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average 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 TJX Companies, Inc. (The) stock in a transaction dated 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 of the company’s stock, valued at approximately $6,537,219.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of TJX Companies, Inc. (The) stock in a transaction dated 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 directly 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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