Wedbush Securities Inc. Boosts Stake in TJX Companies Inc (TJX)

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Wedbush Securities Inc. lifted its holdings in TJX Companies Inc (NYSE:TJX) by 18.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,728 shares of the apparel and home fashions retailer’s stock after buying an additional 732 shares during the period. Wedbush Securities Inc.’s holdings in TJX Companies were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in TJX Companies by 0.5% during the second quarter. Commonwealth Equity Services LLC now owns 103,639 shares of the apparel and home fashions retailer’s stock worth $9,864,000 after purchasing an additional 540 shares during the period. Torch Wealth Management LLC raised its stake in TJX Companies by 4.1% during the first quarter. Torch Wealth Management LLC now owns 15,340 shares of the apparel and home fashions retailer’s stock worth $1,251,000 after purchasing an additional 600 shares during the period. Nelson Roberts Investment Advisors LLC raised its stake in TJX Companies by 0.8% during the second quarter. Nelson Roberts Investment Advisors LLC now owns 78,790 shares of the apparel and home fashions retailer’s stock worth $7,499,000 after purchasing an additional 600 shares during the period. Wetherby Asset Management Inc. raised its stake in TJX Companies by 4.4% during the second quarter. Wetherby Asset Management Inc. now owns 14,202 shares of the apparel and home fashions retailer’s stock worth $1,352,000 after purchasing an additional 602 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its stake in TJX Companies by 0.9% during the second quarter. NN Investment Partners Holdings N.V. now owns 68,554 shares of the apparel and home fashions retailer’s stock worth $6,524,000 after purchasing an additional 623 shares during the period. 90.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TJX opened at $100.70 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.69 and a debt-to-equity ratio of 0.42. The stock has a market cap of $62.40 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 1.94 and a beta of 0.66. TJX Companies Inc has a 1-year low of $66.44 and a 1-year high of $101.23.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, May 22nd. The apparel and home fashions retailer reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The firm had revenue of $8.67 billion during the quarter, compared to analysts’ expectations of $8.47 billion. TJX Companies had a net margin of 7.58% and a return on equity of 56.91%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.82 earnings per share. equities research analysts predict that TJX Companies Inc will post 4.85 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Thursday, August 16th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Wednesday, August 15th. TJX Companies’s dividend payout ratio (DPR) is currently 38.61%.

TJX has been the topic of a number of analyst reports. Nomura lifted their target price on shares of TJX Companies from $97.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, June 4th. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Tuesday, July 24th. MKM Partners set a $99.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Wednesday, May 23rd. UBS Group began coverage on shares of TJX Companies in a research report on Thursday, June 21st. They set a “sell” rating and a $87.00 price target for the company. Finally, Loop Capital set a $84.00 price target on shares of TJX Companies and gave the company a “hold” rating in a research report on Tuesday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $92.76.

In related news, EVP Richard Sherr sold 2,220 shares of TJX Companies stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $88.03, for a total value of $195,426.60. Following the completion of the transaction, the executive vice president now owns 90,495 shares in the company, valued at $7,966,274.85. The sale 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 TJX Companies stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $88.05, for a total transaction of $44,025.00. Following the completion of the transaction, the director now owns 15,498 shares of the company’s stock, valued at approximately $1,364,598.90. The disclosure for this sale can be found here. Insiders own 0.22% 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, 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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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