Signature Wealth Management Group raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.6% in the first quarter, Holdings Channel.com reports. The firm owned 15,050 shares of the apparel and home fashions retailer’s stock after purchasing an additional 658 shares during the period. Signature Wealth Management Group’s holdings in The TJX Companies were worth $996,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Grant Street Asset Management Inc. bought a new position in shares of The TJX Companies during the fourth quarter valued at approximately $27,000. JJJ Advisors Inc. increased its stake in shares of The TJX Companies by 4,522.2% during the fourth quarter. JJJ Advisors Inc. now owns 416 shares of the apparel and home fashions retailer’s stock valued at $28,000 after purchasing an additional 407 shares in the last quarter. JNBA Financial Advisors increased its stake in shares of The TJX Companies by 430.0% during the fourth quarter. JNBA Financial Advisors now owns 424 shares of the apparel and home fashions retailer’s stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. Concord Wealth Partners bought a new position in shares of The TJX Companies during the fourth quarter valued at approximately $33,000. Finally, WD Rutherford LLC bought a new position in shares of The TJX Companies during the fourth quarter valued at approximately $36,000. 88.81% of the stock is owned by institutional investors and hedge funds.
Shares of TJX stock traded up $0.75 on Friday, hitting $69.99. 5,702,940 shares of the stock traded hands, compared to its average volume of 6,730,107. The firm has a market cap of $84.41 billion, a price-to-earnings ratio of 116.65, a PEG ratio of 14.77 and a beta of 0.93. The TJX Companies, Inc. has a 52 week low of $42.52 and a 52 week high of $71.06. The firm has a 50 day simple moving average of $66.45 and a two-hundred day simple moving average of $64.03. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.41 and a quick ratio of 0.99.
The TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, February 23rd. The apparel and home fashions retailer reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.12). The firm had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $11.42 billion. The TJX Companies had a net margin of 2.24% and a return on equity of 14.34%. During the same quarter in the previous year, the business earned $0.81 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 0.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 3rd. Stockholders of record on Thursday, May 13th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, May 12th. This represents a $1.04 annualized dividend and a dividend yield of 1.49%. The TJX Companies’s payout ratio is 38.95%.
Several equities research analysts recently weighed in on the stock. Guggenheim raised their price target on shares of The TJX Companies from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, December 30th. William Blair reissued an “outperform” rating on shares of The TJX Companies in a research report on Wednesday, March 24th. Zacks Investment Research downgraded shares of The TJX Companies from a “hold” rating to a “sell” rating and set a $73.00 price target for the company. in a research report on Thursday, February 25th. Morgan Stanley raised their price target on shares of The TJX Companies from $70.00 to $76.00 and gave the company an “overweight” rating in a research report on Wednesday, January 20th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of The TJX Companies in a research report on Tuesday, January 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The TJX Companies currently has an average rating of “Buy” and an average price target of $69.20.
In other The TJX Companies news, EVP Richard Sherr sold 40,253 shares of The TJX Companies stock in a transaction on Tuesday, April 13th. The shares were sold at an average price of $68.84, for a total value of $2,771,016.52. Following the sale, the executive vice president now directly owns 97,491 shares in the company, valued at approximately $6,711,280.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of The TJX Companies stock in a transaction on Tuesday, March 9th. The shares were sold at an average price of $66.78, for a total transaction of $100,170.00. Following the completion of the sale, the director now owns 28,311 shares in the company, valued at $1,890,608.58. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.
The TJX Companies Profile
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.
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