AdvisorNet Financial Inc. increased its position in The TJX Companies, Inc. (NYSE: TJX – Get a rating) by 74.2% in Q1, according to the company in its latest filing with the Securities and Exchange Commission. The fund held 1,528 shares of the clothing and home fashion retailer after buying an additional 651 shares during the period. AdvisorNet Financial Inc’s holdings in the TJX companies were worth $93,000 when it last filed with the SEC.
Other hedge funds and other institutional investors have also been buying and selling shares of the company recently. Gateway Investment Advisers LLC increased its position in TJX Companies by 11.9% in Q1. Gateway Investment Advisers LLC now owns 15,512 shares of the apparel and home fashion retailer worth $940,000 after buying an additional 1,650 shares in the last quarter. Capital Investment Advisors LLC bought a new stock position in TJX Companies in the first quarter worth about $120,000. Oppenheimer & Co. Inc. increased its holdings of TJX Companies stock by 11.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 86,290 shares of the apparel and home fashion retailer valued at $6,551,000 after acquiring an additional 8,890 shares last quarter. Banque Pictet & Cie SA increased its equity stake in TJX Companies by 13.8% in the fourth quarter. Banque Pictet & Cie SA now owns 144,573 shares of the clothing and home fashion retailer valued at $10,976,000 after acquiring an additional 17,580 shares last quarter. Finally, Wealthfront Advisers LLC increased its holdings of TJX Companies stock by 110.8% in the fourth quarter. Wealthfront Advisers LLC now owns 43,909 shares of the apparel and home fashion retailer valued at $3,334,000 after acquiring an additional 23,084 shares last quarter. Hedge funds and other institutional investors hold 91.45% of the company’s shares.
Several research analysts have recently released reports on TJX shares. Robert W. Baird cut his price target on TJX Companies stock from $78.00 to $74.00 and set an “outperform” rating for the company in a Thursday, May 19 report. JPMorgan Chase & Co. cut its price target on TJX Companies stock from $81.00 to $76.00 in a Monday, May 16 research note. Barclays raised its price target on TJX Companies shares from $82.00 to $85.00 and gave the company an “overweight” rating in a Wednesday, April 13 research note. Wells Fargo & Company downgraded shares of TJX Companies from an “overweight” rating to an “equal weight” rating and reduced its target price for the company from $75.00 to $60.00 in a research note from the Tuesday, April 5. Finally, Sanford C. Bernstein began covering TJX Companies stock in a research note on Monday, March 14. They set a “market performance” rating and a target price of $68.00 for the business. Three equity research analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $78.05.
In related news, EVP Kenneth Canestrari sold 35,827 shares of TJX Companies in a trade on Thursday, May 19. The shares were sold at an average price of $61.04, for a total value of $2,186,880.08. Following the completion of the sale, the executive vice president now owns 160,899 shares of the company, valued at approximately $9,821,274.96. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Also, VPE Richard Sherr sold 46,997 shares of TJX Companies in a trade on Friday, June 3. The stock was sold at an average price of $62.25, for a total transaction of $2,925,563.25. Following the completion of the transaction, the executive vice president now owns 104,127 shares of the company, valued at approximately $6,481,905.75. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 112,824 shares of the company valued at $6,973,343. 0.19% of the shares are held by insiders of the company.
Shares of NYSE: TJX opened at $56.04 on Friday. The company has a fifty-day moving average of $59.75 and a two-hundred-day moving average of $64.64. The company has a market capitalization of $65.66 billion, a P/E ratio of 20.38, a price-to-earnings growth ratio of 1.81 and a beta of 0.88. The TJX Companies, Inc. has a 12-month low of $53.69 and a 12-month high of $77.35. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt ratio of 0.60.
TJX Companies (NYSE: TJX – Get a rating) last reported results on Wednesday, May 18. The home apparel and fashion retailer reported earnings per share (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. In the same quarter last year, the company posted EPS of $0.44. Equity research analysts expect The TJX Companies, Inc. to post earnings per share of 3.18 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1. Investors of record on Thursday August 11 will receive a dividend of $0.295. This represents an annualized dividend of $1.18 and a dividend yield of 2.11%. The ex-date of this dividend is Wednesday, August 10. TJX Companies’ payout ratio is currently 42.91%.
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, gift items, 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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