Teacher Retirement System of Texas lifted its stake in TJX Companies Inc (NYSE:TJX) by 98.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 947,737 shares of the apparel and home fashions retailer’s stock after purchasing an additional 471,091 shares during the quarter. Teacher Retirement System of Texas’ holdings in TJX Companies were worth $90,206,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of TJX. Cornerstone Advisors Inc. lifted its position in TJX Companies by 280.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after acquiring an additional 821 shares in the last quarter. North Star Investment Management Corp. bought a new position in TJX Companies in the 2nd quarter valued at approximately $114,000. Cerebellum GP LLC bought a new position in TJX Companies in the 2nd quarter valued at approximately $125,000. CNB Bank lifted its position in TJX Companies by 906.5% in the 1st quarter. CNB Bank now owns 1,691 shares of the apparel and home fashions retailer’s stock valued at $138,000 after acquiring an additional 1,523 shares in the last quarter. Finally, Trust Department MB Financial Bank N A bought a new position in TJX Companies in the 2nd quarter valued at approximately $142,000. 90.89% of the stock is currently owned by hedge funds and other institutional investors.
NYSE TJX opened at $100.70 on Friday. The firm has a market cap of $62.40 billion, a PE ratio of 22.94, a PEG ratio of 1.94 and a beta of 0.66. The company has a current ratio of 1.69, a quick ratio of 0.81 and a debt-to-equity ratio of 0.42. TJX Companies Inc has a 1-year low of $66.44 and a 1-year high of $101.23.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 22nd. The apparel and home fashions retailer reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.11. The firm had revenue of $8.67 billion for the quarter, compared to analysts’ expectations of $8.47 billion. TJX Companies had a return on equity of 56.91% and a net margin of 7.58%. The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 EPS. analysts forecast that TJX Companies Inc will post 4.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Stockholders of record on Thursday, August 16th will be issued a dividend of $0.39 per share. The ex-dividend date is Wednesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 1.55%. TJX Companies’s payout ratio is 38.61%.
Several research firms recently issued reports on TJX. OTR Global began coverage on TJX Companies in a research report on Tuesday, May 8th. They issued a “positive” rating on the stock. Nomura upped their price objective on TJX Companies from $97.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, June 4th. Wedbush began coverage on TJX Companies in a research report on Friday, June 22nd. They issued a “neutral” rating and a $100.00 price objective on the stock. Susquehanna Bancshares reaffirmed a “positive” rating and issued a $92.00 price objective on shares of TJX Companies in a research report on Thursday, June 7th. Finally, Telsey Advisory Group upped their price objective on TJX Companies from $84.00 to $92.00 and gave the company a “market perform” rating in a research report on Wednesday, May 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company. TJX Companies has a consensus rating of “Buy” and a consensus price target of $92.76.
In other news, EVP Richard Sherr sold 2,220 shares of the company’s stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $88.03, for a total value of $195,426.60. Following the completion of the sale, the executive vice president now directly owns 90,495 shares in the company, valued at approximately $7,966,274.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $88.05, for a total value of $44,025.00. Following the completion of the sale, the director now owns 15,498 shares of the company’s stock, valued at $1,364,598.90. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.
TJX Companies 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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