Bank of Hawaii decreased its position in shares of TJX Companies Inc (NYSE:TJX) by 0.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,048 shares of the apparel and home fashions retailer’s stock after selling 366 shares during the period. Bank of Hawaii’s holdings in TJX Companies were worth $2,237,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Stone House Investment Management LLC acquired a new position in shares of TJX Companies during the 1st quarter worth approximately $25,000. CSU Producer Resources Inc. bought a new stake in shares of TJX Companies in the first quarter worth $27,000. Financial Gravity Wealth Inc. bought a new stake in shares of TJX Companies in the first quarter worth $30,000. Nalls Sherbakoff Group LLC bought a new stake in shares of TJX Companies in the fourth quarter worth $25,000. Finally, Westside Investment Management Inc. increased its stake in shares of TJX Companies by 100.0% in the fourth quarter. Westside Investment Management Inc. now owns 600 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 88.92% of the company’s stock.
A number of brokerages recently issued reports on TJX. Nomura lifted their price target on shares of TJX Companies from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Cowen set a $63.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Friday, May 24th. Credit Suisse Group boosted their target price on TJX Companies from $55.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. Finally, Robert W. Baird began coverage on TJX Companies in a report on Monday, May 13th. They set an “outperform” rating and a $63.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $58.34.
TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.21 billion. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. TJX Companies’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 earnings per share. Research analysts expect that TJX Companies Inc will post 2.63 earnings per share for the current fiscal year.
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 issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.74%. TJX Companies’s dividend payout ratio (DPR) is 43.60%.
In related news, EVP Richard Sherr sold 43,000 shares of TJX Companies stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $54.08, for a total transaction of $2,325,440.00. Following the transaction, the executive vice president now directly owns 118,708 shares of the company’s stock, valued at $6,419,728.64. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kenneth Canestrari sold 25,000 shares of TJX Companies stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 134,675 shares in the company, valued at $7,403,084.75. The disclosure for this sale can be found here. Insiders have sold a total of 128,353 shares of company stock worth $6,915,105 in the last quarter. Company insiders own 0.18% of the company’s stock.
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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