Balasa Dinverno & Foltz LLC lessened its stake in TJX Companies Inc (NYSE:TJX) by 4.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,597 shares of the apparel and home fashions retailer’s stock after selling 616 shares during the period. Balasa Dinverno & Foltz LLC’s holdings in TJX Companies were worth $670,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of TJX Companies by 113.3% in the 4th quarter. BlackRock Inc. now owns 90,260,028 shares of the apparel and home fashions retailer’s stock worth $4,038,232,000 after acquiring an additional 47,939,993 shares during the last quarter. FMR LLC increased its stake in shares of TJX Companies by 106.0% in the 4th quarter. FMR LLC now owns 51,478,425 shares of the apparel and home fashions retailer’s stock worth $2,303,144,000 after acquiring an additional 26,485,840 shares during the last quarter. Vanguard Group Inc increased its stake in shares of TJX Companies by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 49,232,312 shares of the apparel and home fashions retailer’s stock worth $5,515,004,000 after acquiring an additional 593,647 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of TJX Companies by 77.9% in the 4th quarter. Bank of New York Mellon Corp now owns 33,050,653 shares of the apparel and home fashions retailer’s stock worth $1,478,686,000 after acquiring an additional 14,469,980 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of TJX Companies by 13,963.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 26,176,882 shares of the apparel and home fashions retailer’s stock worth $585,000 after purchasing an additional 25,990,744 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.
Shares of TJX Companies stock remained flat at $$52.88 during trading on Friday. The company had a trading volume of 6,454,100 shares, compared to its average volume of 6,125,285. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46. TJX Companies Inc has a 12-month low of $41.49 and a 12-month high of $56.64. The stock has a market cap of $64.09 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 1.84 and a beta of 0.72. The firm has a 50-day moving average price of $52.36.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.74%. TJX Companies’s payout ratio is 43.60%.
In other TJX Companies news, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the sale, the director now directly owns 28,771 shares in the company, valued at $1,501,846.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth Canestrari sold 25,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $54.97, for a total value of $1,374,250.00. Following the sale, the executive vice president now owns 134,675 shares of the company’s stock, valued at $7,403,084.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,353 shares of company stock worth $6,915,105. 0.18% of the stock is owned by company insiders.
A number of brokerages recently issued reports on TJX. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, May 1st. Argus raised their price objective on TJX Companies to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Nomura raised their price objective on TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird assumed coverage on TJX Companies in a report on Monday, May 13th. They set an “outperform” rating and a $63.00 target price for the company. Finally, Credit Suisse Group raised their target price on TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Seven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $58.34.
TJX Companies Company Profile
The TJX Companies, Inc 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; jewelry and accessories; footwear; and other merchandise.
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