SG Americas Securities LLC reduced its stake in The TJX Companies, Inc. (NYSE: TJX – Get a rating) by 44.6% during the first quarter, HoldingsChannel.com reports. The fund held 14,295 shares of the clothing and home fashion retailer after selling 11,492 shares during the quarter. SG Americas Securities LLC’s holdings in TJX Companies were worth $866,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also been buying and selling shares of the company recently. Winch Advisory Services LLC increased its stake in TJX Companies by 413.3% in Q4. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashion retailer valued at $29,000 after acquiring 310 additional shares in the last quarter. Sandy Cove Advisors LLC bought a new stock position in TJX Companies in Q4 worth $30,000. Intelligent Financial Strategies bought a new stock position in TJX Companies in Q4 worth $30,000. West Bancorporation Inc. bought a new stock position in TJX Companies in Q4 worth $34,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC bought a new stock position in TJX Companies in Q4 worth $38,000. 91.45% of the shares are currently held by institutional investors.
Analyst upgrades and downgrades
A number of stock analysts have commented on TJX shares. 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. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Gordon Haskett moved shares of TJX Companies from a “buy” rating to a “hold” rating and lowered his price target for the stock from $67.00 to $60.00 in a research note on Thursday . 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. Finally, 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. Five equity research analysts gave the stock a hold rating and fourteen gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.84.
TJX companies are trading down 0.0%
NYSE: TJX opened at $61.16 on Monday. The company has a debt ratio of 0.60, a quick ratio of 0.55 and a current ratio of 1.25. The company has a market capitalization of $71.66 billion, a P/E ratio of 22.24, a P/E/G ratio of 1.90 and a beta of 0.91. The company has a 50-day simple moving average of $59.95 and a 200-day simple moving average of $62.54. The TJX Companies, Inc. has a one-year low of $53.69 and a one-year high of $77.35.
TJX Companies (NYSE: TJX – Get a rating) last released its quarterly earnings data on Wednesday, May 18. The home apparel and fashion retailer reported EPS of $0.68 for the quarter, beating the consensus estimate 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%. TJX Companies revenue increased 13.1% year over year. In the same quarter a year earlier, the company posted EPS of $0.44. Equity analysts expect The TJX Companies, Inc. to post EPS of 3.18 for the current fiscal year.
TJX Company Dividend Announcement
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 per share. The ex-dividend date is Wednesday, August 10. This represents an annualized dividend of $1.18 and a dividend yield of 1.93%. TJX Companies’ dividend payout ratio (DPR) is currently 42.91%.
Insider buying and selling
In other TJX Companies news, EVP Kenneth Canestrari sold 35,827 shares of the company in a transaction that took place on Thursday, May 19. The shares were sold at an average price of $61.04, for a total transaction of $2,186,880.08. Following 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 legal filing with the SEC, accessible via the SEC website. 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 sale, the CFO now owns 119,127 shares of the company, valued at approximately $7,389,447.81. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC website. Also, VPE Kenneth Canestrari sold 35,827 shares of the company in a transaction that took place on Thursday, May 19. The stock was sold at an average price of $61.04, for a total transaction of $2,186,880.08. Following the sale, the executive vice president now directly owns 160,899 shares of the company, valued at approximately $9,821,274.96. Disclosure of this sale can be found here. Insiders sold a total of 112,824 shares of the company worth $6,973,343 over the past 90 days. 0.19% of the shares are held by insiders.
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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