Trust Investment Advisors decreased its stake in TJX Companies Inc (NYSE:TJX) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,680 shares of the apparel and home fashions retailer’s stock after selling 370 shares during the period. TJX Companies comprises approximately 1.7% of Trust Investment Advisors’ holdings, making the stock its 8th largest position. Trust Investment Advisors’ holdings in TJX Companies were worth $1,556,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new stake in TJX Companies during the fourth quarter valued at about $483,732,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in TJX Companies during the fourth quarter valued at about $227,702,000. Two Sigma Advisers LP purchased a new stake in TJX Companies during the third quarter valued at about $202,524,000. Viking Global Investors LP purchased a new stake in TJX Companies during the fourth quarter valued at about $98,564,000. Finally, Marshall Wace LLP increased its stake in TJX Companies by 582.3% in the fourth quarter. Marshall Wace LLP now owns 1,446,539 shares of the apparel and home fashions retailer’s stock valued at $108,678,000 after buying an additional 1,234,516 shares in the last quarter. Hedge funds and other institutional investors own 87.65% of the company’s stock.
Shares of TJX Companies Inc (NYSE:TJX) opened at 75.53 on Friday. The firm has a market cap of $49.46 billion, a P/E ratio of 21.45 and a beta of 0.70. The company has a 50 day moving average price of $77.16 and a 200-day moving average price of $77.03. TJX Companies Inc has a 52-week low of $71.50 and a 52-week high of $83.64.
TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. TJX Companies had a net margin of 7.00% and a return on equity of 53.12%. The company had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, analysts expect that TJX Companies Inc will post $3.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 11th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Tuesday, May 9th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.26. TJX Companies’s dividend payout ratio is currently 30.41%.
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Several research firms have issued reports on TJX. Goldman Sachs Group Inc raised TJX Companies from a “buy” rating to a “conviction-buy” rating and set a $97.00 price target on the stock in a research note on Thursday, March 16th. Instinet lifted their price target on TJX Companies from $83.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, April 3rd. Zacks Investment Research downgraded TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Royal Bank of Canada set a $82.00 price target on TJX Companies and gave the company a “buy” rating in a research note on Monday, March 27th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $77.00 price target on shares of TJX Companies in a research note on Friday, February 17th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. TJX Companies presently has an average rating of “Buy” and an average price target of $85.17.
In other TJX Companies news, EVP Michael Macmillan sold 21,180 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $78.50, for a total value of $1,662,630.00. Following the completion of the sale, the executive vice president now owns 148,820 shares in the company, valued at approximately $11,682,370. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Richard Sherr sold 1,179 shares of the stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total transaction of $89,108.82. Following the completion of the sale, the executive vice president now owns 120,000 shares of the company’s stock, valued at approximately $9,069,600. The disclosure for this sale can be found here. Insiders sold a total of 57,930 shares of company stock worth $4,515,486 in the last 90 days. 0.30% of the stock is currently owned by company insiders.
TJX Companies Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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