Sterling Capital Management LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 42.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,978 shares of the apparel and home fashions retailer’s stock after purchasing an additional 10,751 shares during the period. Sterling Capital Management LLC’s holdings in TJX Companies were worth $5,746,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the period. Entrust Financial LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $26,000. Wilkerson Advisory Group LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $26,000. Joseph Group Capital Management acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $27,000. Finally, IMG Wealth Management Inc. boosted its stake in shares of TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Trading Up 0.1%
Shares of TJX Companies stock opened at $155.28 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The TJX Companies, Inc. has a 1 year low of $119.84 and a 1 year high of $170.00. The company has a market capitalization of $171.54 billion, a P/E ratio of 30.15, a P/E/G ratio of 3.37 and a beta of 0.62. The business has a 50 day moving average price of $158.01 and a 200 day moving average price of $156.88.
TJX Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is currently 37.28%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a report on Tuesday, June 9th. Weiss Ratings lowered shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, June 18th. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 21st. Citigroup reiterated a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. Three research analysts have rated the stock with a Strong Buy rating and twenty have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $174.58.
Get Our Latest Stock Report on TJX
Key TJX Companies News
Here are the key news stories impacting TJX Companies this week:
- Positive Sentiment: UBS reaffirmed a Buy rating and $197 price target after a consumer survey showed strong interest in off-price and department store retail, reinforcing the bullish long-term view on TJX. UBS Reaffirms Bullish Outlook on The TJX Companies (TJX) Following Strong Consumer Survey
- Positive Sentiment: Multiple brokerage write-ups highlighted that analysts remain bullish on TJX overall, with recent reports showing no sell ratings and several buy/outperform calls. Is It Worth Investing in TJX (TJX) Based on Wall Street’s Bullish Views?
- Neutral Sentiment: Articles discussing whether TJX is worth buying based on Wall Street views were largely commentary pieces, not new company-specific fundamentals, so they are unlikely to be a major standalone price driver. Is It Worth Investing in TJX (TJX) Based on Wall Street’s Bullish Views?
- Neutral Sentiment: Long-term performance pieces about what a $1,000 investment in TJX would be worth today are informational and do not materially change the near-term outlook. Here’s How Much You’d Have If You Invested $1000 in TJX a Decade Ago
- Negative Sentiment: TJX fell sharply in the prior session as investors weighed its strong quarter against a more cautious near-term outlook, including second-quarter guidance, higher fuel costs, and signs of profit-taking after a strong run. TJX Falls as Investors Weigh a Strong Quarter Against a More Measured Near-Term Outlook
- Negative Sentiment: Recent reporting also noted that TJX dropped more than the broader market, suggesting momentum cooled after the earnings-driven rally. TJX (TJX) Registers a Bigger Fall Than the Market: Important Facts to Note
Insider Buying and Selling
In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the transaction, the chairman directly owned 201,496 shares in the company, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 10,002 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the sale, the chief executive officer directly owned 514,848 shares in the company, valued at $82,725,776.64. This represents a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 130,367 shares of company stock worth $20,959,476 in the last ninety days. 0.15% of the stock is currently owned by insiders.
TJX Companies Company Profile
TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.
The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.
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