Bailard Inc. lowered its position in TJX Companies, Inc. (The) (NYSE:TJX) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,510 shares of the apparel and home fashions retailer’s stock after selling 1,607 shares during the period. Bailard Inc.’s holdings in TJX Companies, Inc. (The) were worth $5,339,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Putnam FL Investment Management Co. purchased a new position in shares of TJX Companies, Inc. (The) during the first quarter worth approximately $1,473,000. Global X Management Co. LLC boosted its position in shares of TJX Companies, Inc. (The) by 28.7% in the first quarter. Global X Management Co. LLC now owns 5,711 shares of the apparel and home fashions retailer’s stock worth $452,000 after buying an additional 1,274 shares during the last quarter. Balentine LLC boosted its position in shares of TJX Companies, Inc. (The) by 13.2% in the first quarter. Balentine LLC now owns 6,860 shares of the apparel and home fashions retailer’s stock worth $542,000 after buying an additional 799 shares during the last quarter. Fiduciary Management Inc. WI purchased a new position in shares of TJX Companies, Inc. (The) during the first quarter worth approximately $225,702,000. Finally, Lcnb Corp boosted its position in shares of TJX Companies, Inc. (The) by 1.9% in the first quarter. Lcnb Corp now owns 4,157 shares of the apparel and home fashions retailer’s stock worth $329,000 after buying an additional 78 shares during the last quarter. Institutional investors own 89.85% of the company’s stock.
Shares of TJX Companies, Inc. (TJX) traded down 0.34% during midday trading on Wednesday, hitting $71.26. The stock had a trading volume of 3,872,908 shares. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $83.64. The company has a market cap of $45.84 billion, a P/E ratio of 20.23 and a beta of 0.77. The firm has a 50 day moving average of $70.00 and a 200-day moving average of $75.12.
TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The business had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. On average, analysts forecast that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s payout ratio is 35.51%.
Several equities research analysts recently commented on TJX shares. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a report on Wednesday. Credit Suisse Group reaffirmed a “neutral” rating and issued a $72.00 price target (down previously from $79.00) on shares of TJX Companies, Inc. (The) in a report on Tuesday. BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. BMO Capital Markets set a $85.00 target price on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, July 17th. Finally, Royal Bank Of Canada set a $79.00 target price on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Monday, June 19th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. TJX Companies, Inc. (The) has an average rating of “Buy” and a consensus price target of $83.78.
In other TJX Companies, Inc. (The) news, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction 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 directly owns 86,243 shares of the company’s stock, valued at $6,537,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard Sherr sold 1,179 shares of the company’s stock in a transaction 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 directly owns 120,000 shares in the company, valued at $9,069,600. The disclosure for this sale can be found here. Corporate 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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