The TJX Companies, Inc. (NYSE: TJX – Get a rating) Executive Vice President Louise Greenlees sold 8,822 shares of TJX Companies in a trade dated Thursday, Aug. 18. The shares were sold at an average price of $68.00, for a total value of $599,896.00. Following the completion of the transaction, the executive vice president now directly owns 58,335 shares of the company, valued at $3,966,780. The transaction was disclosed in a legal filing with the SEC, which is available via this link.
Stock Performance of TJX Companies
NYSE TJX shares were down $2.01 at midday Monday, hitting $64.39. 4,727,658 shares of the company were traded, with an average volume of 6,983,095. The stock has a market capitalization of $75.44 billion, a P/E ratio of 23.71, a PEG ratio of 2 .03 and a beta of 0.92. The TJX Companies, Inc. has a 1-year low of $53.69 and a 1-year high of $77.35. The stock has a fifty-day simple moving average of $60.70 and a 200-day simple moving average of $61.97. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt ratio of 0.53.
TJX Companies (NYSE: TJX – Get a rating) last announced its results on Wednesday, August 17. The home apparel and fashion retailer reported earnings per share of $0.69 for the quarter, beating the consensus estimate of $0.67 by $0.02. The company posted revenue of $11.84 billion for the quarter, versus a consensus estimate of $12.05 billion. TJX Companies posted a return on equity of 61.19% and a net margin of 6.77%. During the same period last year, the company posted EPS of $0.79. The company’s revenue fell 1.9% year-over-year. On average, research analysts expect The TJX Companies, Inc. to post earnings per share of 3.11 for the current fiscal year.
TJX Companies Announces Dividend
The company also recently announced 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 yield of 1.83%. TJX Companies’ payout ratio is currently 42.14%.
Institutional Trading of TJX Companies
Several hedge funds have recently changed their positions in the company. GPS Wealth Strategies Group LLC increased its holdings in TJX Companies by 119.4% during the second quarter. GPS Wealth Strategies Group LLC now owns 452 shares of the homewear and fashion retailer worth $25,000 after buying 246 additional shares last quarter. Financial Management Professionals Inc. increased its position in TJX Companies by 117.7% during the second quarter. Financial Management Professionals Inc. now owns 468 shares of the apparel and home fashion retailer worth $26,000 after buying an additional 253 shares during the period. Grayhawk Investment Strategies Inc. bought a new stock position in TJX Companies during Q2 for a value of approximately $26,000. Northern Oak Wealth Management Inc. acquired a new stake in shares of TJX Companies in Q2 valued at approximately $28,000. Finally, Intelligent Financial Strategies bought a new stake in shares of TJX Companies in the fourth quarter valued at around $30,000. Institutional investors and hedge funds own 91.45% of the company’s shares.
Wall Street analysts predict growth
TJX has been the subject of a number of research reports. Loop Capital raised its price target on shares of TJX Companies from $60.00 to $65.00 in a report on Friday. Gordon Haskett downgraded TJX Companies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $67.00 to $60.00 in a Thursday, July 28 research report . TheStreet upgraded TJX companies from a “c+” rating to a “b” rating in a report released Thursday. Cowen raised its price target on TJX Companies from $72.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. cut its price target on TJX companies from $81.00 to $76.00 in a Monday, May 16 research report. Six research analysts gave the stock a hold rating and twelve gave the company a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.72.
About TJX Companies
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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