Koshinski Asset Management Inc. increased its stake in shares of The TJX Companies, Inc. (NYSE: TJX – Get a rating) by 2.4% during the first quarter, HoldingsChannel.com reports. The institutional investor held 11,177 shares of the clothing and home fashion retailer after acquiring an additional 263 shares during the quarter. Koshinski Asset Management Inc.’s holdings in TJX Companies were worth $677,000 at the end of last quarter.
A number of other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. Congress Asset Management Co. MA increased its holdings in TJX Companies by 21.0% in the first quarter. Congress Asset Management Co. MA now owns 30,077 shares of the apparel and home fashion retailer valued at $1,822,000 after buying an additional 5,214 shares last quarter. Xponance Inc. increased its holdings of TJX Companies shares by 0.7% in the first quarter. Xponance Inc. now owns 202,939 shares of the apparel and home fashion retailer valued at $12,294,000 after purchasing an additional 1,325 shares during the period. Sigma Investment Counselors Inc. increased its position in TJX Companies by 2.3% during the first quarter. Sigma Investment Counselors Inc. now owns 82,192 shares of the apparel and home fashion retailer worth $4,979,000 after buying an additional 1,819 shares in the last quarter. Concord Wealth Partners increased its stake in TJX Companies by 23.1% during the first quarter. Concord Wealth Partners now owns 1,232 shares of the clothing and home fashion retailer worth $75,000 after purchasing an additional 231 shares during the period. Finally, Wedbush Securities Inc. increased its stake in TJX Companies by 25.8% in the 1st quarter. Wedbush Securities Inc. now owns 24,083 shares of the apparel and home fashion retailer valued at $1,459,000 after buying an additional 4,933 shares in the last quarter. 91.45% of the shares are currently held by institutional investors.
Several research companies recently commented on TJX. Sanford C. Bernstein began covering stocks of TJX companies in a research report on Monday, March 14. They set a “market performance” rating and a price target of $68.00 on the stock. TheStreet downgraded TJX Companies from a “b” rating to a “c+” rating in a Wednesday, May 18 research note. JPMorgan Chase & Co. lowered its price target on TJX companies from $81.00 to $76.00 in a Monday, May 16 report. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a Wednesday, June 22 report. Finally, Credit Suisse Group raised its price target on TJX Companies shares from $73.00 to $75.00 and gave the company an “outperform” rating in a Thursday, May 19 research report. Three research analysts rated the stock with a hold rating and sixteen gave the company a buy rating. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.05.
In other TJX Companies news, EVP Richard Sherr sold 46,997 shares of TJX Companies in a trade dated 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 sale, the executive vice president now directly owns 104,127 shares of the company, valued at approximately $6,481,905.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link. Also, VPE Kenneth Canestrari sold 35,827 shares in a trade dated 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 transaction, the executive vice president now owns 160,899 shares of the company, valued at approximately $9,821,274.96. Disclosure of this sale can be found here. Insiders sold 112,824 shares of the company valued at $6,973,343 during the last quarter. 0.19% of the shares are held by insiders.
TJX Company Stocks opened at $56.04 on Friday. The company has a market capitalization of $65.66 billion, a P/E ratio of 20.38, a P/E/G ratio of 1.81 and a beta of 0.88. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt ratio of 0.60. The TJX Companies, Inc. has a 12-month low of $53.69 and a 12-month high of $77.35. The stock’s fifty-day simple moving average is $59.75 and its 200-day simple moving average is $64.58.
TJX Companies (NYSE: TJX – Get a rating) last released its quarterly results on Wednesday, May 18. The home apparel and fashion retailer reported earnings per share of $0.68 for the quarter, beating the consensus estimate of $0.60 by $0.08. The company posted revenue of $11.41 billion for the quarter, versus a consensus estimate of $11.58 billion. TJX Companies posted a return on equity of 61.28% and a net margin of 6.69%. TJX Companies revenue increased 13.1% year over year. In the same quarter of the previous year, the company had achieved EPS of $0.44. Sell-side analysts expect The TJX Companies, Inc. to post earnings per share of 3.18 for the current 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 an annualized dividend of $1.18 and a yield of 2.11%. The dividend payout ratio (DPR) of TJX Companies is 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, 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.
Get daily news and reviews for TJX companies – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for TJX companies and related companies with MarketBeat.com’s free daily email newsletter.