Cobblestone Capital Advisors LLC NY lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,663 shares of the apparel and home fashions retailer's stock after selling 24,015 shares during the quarter. Cobblestone Capital Advisors LLC NY's holdings in TJX Companies were worth $12,504,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Nuveen LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at approximately $1,330,717,000. Cooper Financial Group grew its stake in shares of TJX Companies by 8.2% in the 1st quarter. Cooper Financial Group now owns 2,648 shares of the apparel and home fashions retailer's stock valued at $323,000 after buying an additional 200 shares in the last quarter. King Luther Capital Management Corp grew its stake in shares of TJX Companies by 11.4% in the 1st quarter. King Luther Capital Management Corp now owns 63,234 shares of the apparel and home fashions retailer's stock valued at $7,702,000 after buying an additional 6,461 shares in the last quarter. Biltmore Family Office LLC grew its stake in shares of TJX Companies by 734.3% in the 1st quarter. Biltmore Family Office LLC now owns 18,179 shares of the apparel and home fashions retailer's stock valued at $2,214,000 after buying an additional 16,000 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of TJX Companies by 2.8% in the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer's stock valued at $1,096,273,000 after buying an additional 247,579 shares in the last quarter. Institutional investors own 91.09% of the company's stock.
TJX Companies Stock Down 0.3%
TJX opened at $131.64 on Friday. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $147.06 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 3.07 and a beta of 0.89. The business has a 50 day moving average of $125.41 and a 200-day moving average of $124.79.
TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.
TJX Companies Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.
Analyst Ratings Changes
TJX has been the subject of several recent research reports. Robert W. Baird boosted their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased their price target on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target on the stock. Barclays reaffirmed an "overweight" rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $141.06.
View Our Latest Stock Analysis on TJX
Insider Activity at TJX Companies
In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company's stock.
TJX Companies Profile
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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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