Rock Creek Group LP cut its stake in TJX Companies Inc (NYSE:TJX) by 25.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,118 shares of the apparel and home fashions retailer’s stock after selling 7,265 shares during the period. Rock Creek Group LP’s holdings in TJX Companies were worth $1,124,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its position 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 purchasing an additional 47,939,993 shares during the last quarter. FMR LLC increased its position 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 purchasing an additional 26,485,840 shares during the last quarter. Vanguard Group Inc increased its position 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 purchasing an additional 593,647 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 purchasing 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% in 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. 88.96% of the stock is owned by institutional investors.
In other news, EVP Richard Sherr sold 1,480 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total value of $75,998.00. Following the completion of the transaction, the executive vice president now owns 117,228 shares in the company, valued at approximately $6,019,657.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kenneth Canestrari sold 25,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $54.97, for a total transaction of $1,374,250.00. Following the completion of the transaction, the executive vice president now owns 134,675 shares of the company’s stock, valued at approximately $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 valued at $6,915,105. Corporate insiders own 0.18% of the company’s stock.
TJX Companies stock remained flat at $$52.88 during trading hours on Friday. 6,454,147 shares of the company’s stock traded hands, compared to its average volume of 6,280,207. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46. The company has a market cap of $64.13 billion, a price-to-earnings ratio of 25.06, a price-to-earnings-growth ratio of 1.85 and a beta of 0.72. TJX Companies Inc has a 1 year low of $41.49 and a 1 year high of $56.64. The company’s fifty day moving average price is $52.36.
TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.21 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.13 earnings per share. Research analysts predict that TJX Companies Inc will post 2.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s dividend payout ratio is currently 43.60%.
About TJX Companies
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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