Focused Investors LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 939,850 shares of the apparel and home fashions retailer's stock after selling 23,000 shares during the period. TJX Companies comprises 3.7% of Focused Investors LLC's portfolio, making the stock its 14th largest holding. Focused Investors LLC owned 0.08% of TJX Companies worth $114,474,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC boosted its stake in shares of TJX Companies by 4.6% during the 1st quarter. Bleakley Financial Group LLC now owns 21,993 shares of the apparel and home fashions retailer's stock worth $2,679,000 after purchasing an additional 965 shares during the last quarter. Marks Group Wealth Management Inc grew its stake in TJX Companies by 1.5% during the first quarter. Marks Group Wealth Management Inc now owns 75,827 shares of the apparel and home fashions retailer's stock worth $9,236,000 after buying an additional 1,145 shares during the period. Reyes Financial Architecture Inc. increased its position in shares of TJX Companies by 6.4% in the first quarter. Reyes Financial Architecture Inc. now owns 3,363 shares of the apparel and home fashions retailer's stock worth $410,000 after acquiring an additional 203 shares in the last quarter. TFR Capital LLC. raised its stake in shares of TJX Companies by 39.1% in the 1st quarter. TFR Capital LLC. now owns 15,091 shares of the apparel and home fashions retailer's stock valued at $1,838,000 after acquiring an additional 4,241 shares during the period. Finally, Schear Investment Advisers LLC raised its stake in shares of TJX Companies by 2.0% in the 1st quarter. Schear Investment Advisers LLC now owns 15,124 shares of the apparel and home fashions retailer's stock valued at $1,842,000 after acquiring an additional 290 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.
TJX Companies Stock Performance
NYSE:TJX traded down $0.17 during trading hours on Monday, reaching $123.54. 4,651,191 shares of the stock were exchanged, compared to its average volume of 5,395,129. The stock has a market capitalization of $138.00 billion, a P/E ratio of 29.07, a P/E/G ratio of 2.89 and a beta of 0.88. The firm has a 50 day simple moving average of $126.82 and a 200-day simple moving average of $124.12. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85.
TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same period last year, the business posted $0.93 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.
TJX Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.38%. TJX Companies's dividend payout ratio is currently 40.00%.
Analysts Set New Price Targets
Several analysts recently issued reports on the company. TD Securities increased their price target on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Daiwa Capital Markets started coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price on the stock. Robert W. Baird upped their price target on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, TJX Companies has a consensus rating of "Buy" and an average target price of $141.06.
Get Our Latest Analysis on TJX Companies
TJX Companies Profile
(
Free Report)
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.
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