Bailard Inc. decreased its stake in shares of TJX Companies, Inc. (The) (NYSE:TJX) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Sheets Smith Wealth Management raised its position in shares of 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 valued at $2,348,000 after buying an additional 585 shares in the last quarter. Stock Yards Bank & Trust Co. raised its position in shares of 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 valued at $6,231,000 after buying an additional 4,383 shares in the last quarter. Charter Trust Co. bought a new stake in TJX Companies, Inc. (The) during the first quarter valued at $252,000. Osborn Williams & Donohoe LLC raised 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 valued at $4,165,000 after buying an additional 1,404 shares in the last quarter. Finally, Confluence Investment Management LLC raised 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 valued at $39,922,000 after buying an additional 10,094 shares in the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.
Shares of TJX Companies, Inc. (NYSE:TJX) traded down 1.37% during midday trading on Thursday, reaching $70.61. 2,845,541 shares of the company’s stock were exchanged. The stock has a market capitalization of $45.78 billion, a P/E ratio of 19.99 and a beta of 0.77. TJX Companies, Inc. has a 12-month low of $66.65 and a 12-month high of $80.92. The firm has a 50-day moving average of $70.11 and a 200-day moving average of $74.86. TJX Companies, Inc. (The) also saw some unusual options trading activity on Monday. Investors purchased 21,190 put options on the stock. This represents an increase of 1,148% compared to the typical volume of 1,698 put options.
TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 earnings per share. Analysts anticipate that TJX Companies, Inc. will post $3.90 EPS for the current fiscal 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 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 dividend payout ratio is currently 35.41%.
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Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Thursday. Instinet reissued a “buy” rating and issued a $80.00 target price (down from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday. Nomura set a $80.00 price objective on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday. Credit Suisse Group increased their price target on TJX Companies, Inc. (The) from $72.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Jefferies Group LLC set a $75.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $82.61.
In other TJX Companies, Inc. (The) news, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (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 transaction, the executive vice president now owns 86,243 shares of the company’s stock, valued at $6,537,219.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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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