Foundry Partners LLC increased its stake in The TJX Companies, Inc. (NYSE: TJX – Get a rating) by 22.1% in the 1st quarter, according to the company in its most recent communication to the Securities & Exchange Commission. The fund held 3,530 shares of the clothing and home fashion retailer after buying an additional 640 shares during the quarter. Foundry Partners LLC’s holdings in TJX companies were worth $214,000 when it was last filed with the Securities & Exchange Commission.
Several other institutional investors have also recently changed their holdings in TJX. Norges Bank bought a new stake in shares of TJX Companies in the fourth quarter for a value of approximately $827,082,000. Jennison Associates LLC increased its stake in shares of TJX Companies by 21.4% in the fourth quarter. Jennison Associates LLC now owns 18,437,205 shares of the apparel and home fashion retailer worth $1,399,753,000 after buying 3,253,468 additional shares in the last quarter. Brown Advisory Inc. increased its stake in shares of TJX Companies by 87.4% in the fourth quarter. Brown Advisory Inc. now owns 4,594,906 shares of the apparel and home fashion retailer worth $348,846,000 after buying an additional 2,142,585 shares in the last quarter. State Street Corp increased its stake in shares of TJX Companies by 4.4% in the fourth quarter. State Street Corp now owns 49,000,588 shares of the apparel and home fashion retailer worth $3,720,125,000 after buying an additional 2,057,821 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of TJX Companies by 10.0% in the fourth quarter. Nuveen Asset Management LLC now owns 16,132,376 shares of the apparel and home fashion retailer worth $1,224,770,000 after purchasing an additional 1,468,842 shares in the last quarter. 91.45% of the shares are held by hedge funds and other institutional investors.
In related news, CFO Scott Goldenberg sold 30,000 shares in a trade on Thursday, May 19. The stock was sold at an average price of $62.03, for a total value of $1,860,900.00. Following the sale, the CFO now owns 119,127 shares of the company, valued at $7,389,447.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this link. Also, VPE Richard Sherr sold 46,997 shares in a trade on Friday, June 3. The stock was sold at an average price of $62.25, for a total value of $2,925,563.25. Following the completion of the sale, 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. Insiders sold 112,824 shares of the company worth $6,973,343 during the last quarter. 0.19% of the shares are currently held by insiders of the company.
TJX Company Stocks opened at $60.24 on Monday. The TJX Companies, Inc. has a one-year low of $53.69 and a one-year high of $77.35. The company has a fifty-day moving average price of $60.49 and a 200-day moving average price of $65.09. The company has a debt ratio of 0.60, a current ratio of 1.25 and a quick ratio of 0.55. The company has a market capitalization of $70.58 billion, a P/E ratio of 21.91, a PEG ratio of 1.81 and a beta of 0.88.
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. TJX Companies posted a return on equity of 61.28% and a net margin of 6.69%. The company posted revenue of $11.41 billion in the quarter, versus analyst estimates of $11.58 billion. During the same period last year, the company earned earnings per share of $0.44. The company’s revenue for the quarter increased 13.1% year over year. Sell-side 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. The ex-dividend date is Wednesday, August 10. This represents a dividend of $1.18 on an annualized basis and a dividend yield of 1.96%. TJX Companies’ dividend payout ratio (DPR) is currently 42.91%.
Several analysts have recently commented on TJX’s actions. Sanford C. Bernstein began covering TJX companies in a research note on Monday, March 14. They issued a “market performance” rating and a price target of $68.00 for the company. Morgan Stanley raised its price target on TJX companies from $78.00 to $80.00 and gave the company an “overweight” rating in a Thursday, May 19 research report. Credit Suisse Group raised its price target on TJX companies from $73.00 to $75.00 and gave the company an “outperform” rating in a Thursday, May 19 research report. Cowen reduced his price target on TJX companies from $88.00 to $72.00 in a Monday, February 28 research report. Finally, Robert W. Baird cut his price target on TJX companies from $78.00 to $74.00 and set an “outperform” rating for the company in a Thursday, May 19 research report. Three investment analysts gave the stock a hold rating and sixteen gave the company a buy rating. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $78.05.
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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