Kwmg LLC increases its stake in The TJX Companies, Inc. (NYSE: TJX)


Kwmg LLC raised its stake in the shares of The TJX Companies, Inc. (NYSE: TJXGet a rating) by 4.3% during the 1st quarter, according to its most recent communication to the Securities and Exchange Commission (SEC). The company held 72,472 shares of the clothing and home fashion retailer after buying an additional 3,003 shares during the quarter. Kwmg LLC’s holdings in TJX companies were worth $4,390,000 when it last filed with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently changed their positions in the stock. State Street Corp increased its position in shares of TJX Companies by 4.4% during the fourth quarter. State Street Corp now owns 49,000,588 shares of the apparel and home fashion retailer valued at $3,720,125,000 after purchasing an additional 2,057,821 shares during the period. Bank of America Corp DE increased its position in shares of TJX Companies by 2.8% during the fourth quarter. Bank of America Corp DE now owns 21,988,270 shares of the apparel and home fashion retailer valued at $1,669,349,000 after purchasing an additional 596,043 shares during the period. Geode Capital Management LLC increased its position in shares of TJX Companies by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 19,071,010 shares of the apparel and home fashion retailer valued at $1,443,489,000 after purchasing an additional 404,042 shares during the period. Jennison Associates LLC increased its stake in TJX Companies by 21.4% during 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 acquiring 3,253,468 additional shares last quarter. Finally, Nuveen Asset Management LLC increased its stake in TJX Companies by 10.0% during 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 acquiring an additional 1,468,842 shares last quarter. Institutional investors hold 91.45% of the company’s shares.

Shares of TJX Company Stocks opened at $57.97 on Thursday. The company has a market cap of $67.92 billion, a price-to-earnings ratio of 21.08, a growth price-to-earnings ratio of 1.68, and a beta of 0.91. The company’s 50-day moving average is $59.46 and its 200-day moving average is $64.30. 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: TJXGet a rating) last released its quarterly earnings data on Wednesday, May 18. The home apparel and fashion retailer reported earnings per share of $0.68 for the quarter, beating analysts’ consensus estimate of $0.60 by $0.08. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The company posted revenue of $11.41 billion for the quarter, versus a consensus estimate of $11.58 billion. In the same quarter of the previous year, the company had earned earnings per share of $0.44. The company’s revenue for the quarter increased by 13.1% compared to the same quarter last year. Sell-side analysts expect The TJX Companies, Inc. to post EPS of 3.18 for the current fiscal year.

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-dividend date is Wednesday, August 10. This represents a dividend of $1.18 on an annualized basis and a yield of 2.04%. TJX Companies’ dividend payout ratio is currently 42.91%.

Several research companies recently commented on TJX. TheStreet downgraded shares of TJX Companies from a “b” rating to a “c+” rating in a Wednesday, May 18 research note. Credit Suisse Group raised its price target on shares of TJX companies from $73.00 to $75.00 and gave the stock an “outperform” rating in a Thursday, May 19 research note. JPMorgan Chase & Co. lowered its price target on shares of TJX Companies 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 stock an “overweight” rating in a Wednesday, April 13 research note. Finally, Wells Fargo & Company downgraded 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 research note from Tuesday, April 5. Three equity research 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.

In other TJX Companies news, CFO Scott Goldenberg sold 30,000 shares of the company in a transaction that took place on Thursday, May 19. The shares were sold at an average price of $62.03, for a total transaction of $1,860,900.00. Following the completion of the sale, the CFO now directly owns 119,127 shares of the company, valued at $7,389,447.81. The sale was disclosed in a filing with the SEC, accessible via this link. Also, VPE Richard Sherr sold 46,997 shares of the company in a transaction that took place on Friday, June 3. The shares were sold at an average price of $62.25, for a total transaction of $2,925,563.25. Following the sale, the executive vice president now directly owns 104,127 shares of the company, valued at $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.

Company Profile 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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Institutional ownership by quarter for TJX companies (NYSE: TJX)



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