EFG International AG bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) in the second quarter, Holdings Channel reports. The fund bought 124,611 shares of the apparel and home fashions retailer’s stock, valued at approximately $18,885,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its position in shares of TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 89 shares during the period. Entrust Financial LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies during the 4th quarter worth approximately $26,000. Joseph Group Capital Management bought a new stake in TJX Companies during the 4th quarter worth approximately $27,000. Finally, IMG Wealth Management Inc. lifted its stake in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 69 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.
TJX Companies Trading Down 0.8%
TJX stock opened at $139.54 on Wednesday. The company has a market capitalization of $154.15 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The TJX Companies, Inc. has a one year low of $134.74 and a one year high of $170.00. The company’s 50 day moving average price is $154.57 and its two-hundred day moving average price is $156.50. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.
TJX Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio is presently 35.49%.
Insider Buying and Selling at TJX Companies
In other news, CFO John Klinger sold 6,235 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the transaction, the chief financial officer directly owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Carol Meyrowitz sold 55,624 shares of TJX Companies stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman owned 201,496 shares in the company, valued at approximately $32,974,820.40. This represents a 21.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 130,367 shares of company stock valued at $20,959,476. Corporate insiders own 0.15% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on TJX. Robert W. Baird raised their price target on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $182.00 to $154.00 in a research report on Thursday, August 20th. UBS Group restated a “buy” rating and set a $198.00 target price (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Finally, BTIG Research restated a “buy” rating and issued a $190.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $174.16.
Get Our Latest Analysis on TJX
About TJX Companies
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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