Diversified Trust Co reduced its stake in The TJX Companies, Inc. (NYSE: TJX – Get Rating) by 33.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,852 shares of the apparel and home fashions retailer’s stock after selling 5,002 shares during the quarter. Diversified Trust Co’s holdings in TJX Companies were worth $ 597,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC grew its holdings in shares of TJX Companies by 2.9% during the 4th quarter. Manchester Capital Management LLC now owns 5,380 shares of the apparel and home fashions retailer’s stock worth $ 408,000 after purchasing an additional 150 shares during the period. Eastern Bank raised its holdings in TJX Companies by 0.4% in the 4th quarter. Eastern Bank now owns 45,301 shares of the apparel and home fashions retailer’s stock valued at $ 3,439,000 after buying an additional 163 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC raised its holdings in TJX Companies by 32.6% in the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 663 shares of the apparel and home fashions retailer’s stock valued at $ 40,000 after buying an additional 163 shares during the period. Roundview Capital LLC raised its holdings in TJX Companies by 3.5% in the 4th quarter. Roundview Capital LLC now owns 5,167 shares of the apparel and home fashions retailer’s stock valued at $ 392,000 after buying an additional 175 shares during the period. Finally, Wealthsource Partners LLC raised its holdings in TJX Companies by 2.3% in the 4th quarter. Wealthsource Partners LLC now owns 7,950 shares of the apparel and home fashions retailer’s stock valued at $ 604,000 after buying an additional 177 shares during the period. Institutional investors own 91.45% of the company stock.
TJX stock opened at $ 57.07 on Thursday. The business has a 50 day moving average price of $ 60.65 and a 200 day moving average price of $ 65.42. The stock has a market cap of $ 66.87 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.70 and a beta of 0.88. The TJX Companies, Inc. has a fifty-two week low of $ 53.69 and a fifty-two week high of $ 77.35. The company has a quick ratio of 0.55, a current ratio of 1.25 and a debt-to-equity ratio of 0.60.
TJX Companies (NYSE: TJX – Get Rating) last posted its earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $ 0.68 earnings per share for the quarter, topping the estimate consensus of $ 0.60 by $ 0.08. The firm had revenue of $ 11.41 billion during the quarter, compared to analysts’ expectations of $ 11.58 billion. TJX Companies had a return on equity of 61.28% and a net margin of 6.69%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $ 0.44 earnings per share. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 3.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be paid a dividend of $ 0.295 per share. This represents a $ 1.18 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, August 10th. TJX Companies’s payout ratio is 42.91%.
In other TJX Companies news, EVP Richard Sherr sold 46,997 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $ 62.25, for a total value of $ 2,925,563.25. Following the completion of the year, the executive vice president now owns 104,127 shares in the company, valued at $ 6,481,905.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Scott Goldenberg sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $ 62.03, for a total value of $ 1,860,900.00. Following the completion of the sale, the chief financial officer now owns 119,127 shares of the company stock, valued at approximately $ 7,389,447.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,824 shares of company stock valued at $ 6,973,343. 0.19% of the stock is owned by company insiders.
Several brokerages recently issued reports on TJX. Credit Suisse Group boosted their price objective on shares of TJX Companies from $ 73.00 to $ 75.00 and gave the company an “outperform” rating in a report on Thursday, May 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of TJX Companies from $ 83.00 to $ 79.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Morgan Stanley lifted their target price on TJX Companies from $ 78.00 to $ 80.00 and gave the company an “overweight” rating in a research report on Thursday, May 19th. Truist Financial dropped their target price on TJX Companies from $ 88.00 to $ 82.00 in a research report on Thursday, February 24th. Finally, Wells Fargo & Company downgraded TJX Companies from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $ 75.00 to $ 60.00 in a research report on Tuesday, April 5th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $ 78.05.
About TJX Companies: (Get Rating)
The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.
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