Brookstone Capital Management increased its position in shares of The TJX Companies, Inc. (NYSE: TJX – Get a rating) by 31.1% during the 1st quarter, according to the company in its latest filing with the Securities & Exchange Commission. The institutional investor held 15,936 shares of the clothing and home fashion retailer after buying an additional 3,782 shares during the quarter. Brookstone Capital Management’s holdings in the TJX companies were worth $986,000 when it was last filed with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Winch Advisory Services LLC increased its position in shares of TJX Companies by 413.3% during the 4th quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashion retailer worth $29,000 after buying an additional 310 shares last quarter. Future Financial Wealth Management LLC purchased a new stock position in TJX Companies during Q4 for a value of approximately $30,000. Sandy Cove Advisors LLC bought a new stock position in TJX Companies during Q4 for a value of approximately $30,000. Intelligent Financial Strategies bought a new stock position in TJX Companies during Q4 for a value of around $30,000. Finally, First National Bank of South Miami increased its position in TJX Companies shares by 904.8% during the 4th quarter. First National Bank of South Miami now owns 422 shares of the apparel and home fashion retailer worth $32,000 after buying an additional 380 shares last quarter. 91.45% of the shares are currently held by hedge funds and other institutional investors.
TJX opened at $60.24 on Friday. The company has a fifty-day moving average price of $60.49 and a 200-day moving average price of $65.22. The company has a market capitalization of $70.58 billion, a P/E ratio of 21.91, a price-to-earnings growth ratio of 1.71 and a beta of 0.88. The company has a debt ratio of 0.60, a current ratio of 1.25 and a quick ratio of 0.55. The TJX Companies, Inc. has a one-year low of $53.69 and a one-year high of $77.35.
TJX Companies (NYSE: TJX – Get a rating) last released its quarterly results on Wednesday, May 18. The home apparel and fashion retailer reported EPS of $0.68 for the quarter, beating analyst consensus estimates of $0.60 by $0.08. The company posted revenue of $11.41 billion in the quarter, versus analyst estimates of $11.58 billion. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The company’s revenue for the quarter increased 13.1% year over year. During the same period of the previous year, the company achieved EPS of $0.44. On average, analysts expect The TJX Companies, Inc. to post earnings per share of 3.18 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1. Shareholders of record on Thursday August 11 will receive a dividend of $0.295 per share. The ex-date of this dividend is Wednesday, August 10. This represents a dividend of $1.18 on an annualized basis and a dividend yield of 1.96%. The dividend payout ratio (DPR) of TJX Companies is currently 42.91%.
A number of research companies have recently commented on TJX. JPMorgan Chase & Co. lowered its price target on shares of TJX Companies from $81.00 to $76.00 in a Monday, May 16 report. Wells Fargo & Company cut shares of TJX Companies from an “overweight” rating to an “equal weight” rating and lowered its price target for the stock from $75.00 to $60.00 in a report from the Tuesday, April 5. Morgan Stanley raised its price target on TJX Companies stock from $78.00 to $80.00 and gave the stock an “overweight” rating in a Thursday, May 19 report. Cowen lowered his price target on TJX Companies shares from $88.00 to $72.00 in a Monday, Feb. 28 report. Finally, Barclays raised its price target on TJX Companies shares from $82.00 to $85.00 and gave the stock an “overweight” rating in a Wednesday, April 13 report. Three investment analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.05.
In related news, EVP Richard Sherr sold 46,997 shares of the company in a trade on Friday, June 3. The shares were sold at an average price of $62.25, for a total value of $2,925,563.25. Following the completion of the transaction, the executive vice president now directly owns 104,127 shares of the company, valued at $6,481,905.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Also, VPE Kenneth Canestrari sold 35,827 shares of the company in a trade on Thursday, May 19. The stock was sold at an average price of $61.04, for a total transaction of $2,186,880.08. Following the completion of the transaction, the executive vice president now owns 160,899 shares of the company, valued at $9,821,274.96. Disclosure of this sale can be found here. Insiders sold a total of 112,824 shares of the company worth $6,973,343 over the past 90 days. Insiders of the company own 0.19% of the shares of the company.
About TJX Companies (Get a rating)
The TJX Companies, Inc., together with its subsidiaries, operates as a low-cost home fashion and apparel retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. The company sells family clothing, including shoes and accessories; home fashion items, such as home staples, furniture, rugs, lighting products, giftware, home products, decorative accessories, table tops and kitchen utensils, as well as expanded departments for pets, children and gourmet foods; jewelry and accessories; and other goods.
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