IMA Wealth Inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 8.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,433 shares of the apparel and home fashions retailer’s stock after purchasing an additional 2,332 shares during the quarter. IMA Wealth Inc.’s holdings in TJX Companies were worth $2,235,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Morgan Stanley grew its holdings in TJX Companies by 2.6% during the 2nd quarter. Morgan Stanley now owns 8,778,073 shares of the apparel and home fashions retailer’s stock worth $591,818,000 after acquiring an additional 223,003 shares in the last quarter. EagleClaw Capital Managment LLC lifted its stake in shares of TJX Companies by 9.0% in the third quarter. EagleClaw Capital Managment LLC now owns 57,400 shares of the apparel and home fashions retailer’s stock worth $3,784,000 after buying an additional 4,750 shares during the last quarter. Prospera Financial Services Inc raised its stake in TJX Companies by 4.5% during the 3rd quarter. Prospera Financial Services Inc now owns 6,846 shares of the apparel and home fashions retailer’s stock valued at $452,000 after purchasing an additional 297 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at $1,514,000. Finally, Vident Investment Advisory LLC raised its stake in shares of TJX Companies by 31.7% in the 3rd quarter. Vident Investment Advisory LLC now owns 21,971 shares of the apparel and home fashions retailer’s stock valued at $1,449,000 after buying an additional 5,286 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of TJX Companies from $80.00 to $75.00 in a report on Thursday, February 24th. Wells Fargo & Company lowered shares of TJX Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $75.00 to $60.00 in a report on Tuesday, April 5th. Citigroup decreased their price objective on shares of TJX Companies from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Credit Suisse Group increased their price objective on shares of TJX Companies from $73.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, May 19th. Finally, Barclays raised their target price on shares of TJX Companies from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, April 13th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Buy” and a consensus target price of $77.60.
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, beating analysts’ consensus estimates of $0.60 by $0.08. TJX Companies had a return on equity of 61.28% and a net margin of 6.69%. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $11.58 billion. During the same quarter in the prior year, the company earned $0.44 earnings per share. TJX Companies’s revenue was up 13.1% on a year-over-year basis. On average, research analysts anticipate that The TJX Companies, Inc. will post 3.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Thursday, May 12th will be issued a $0.295 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $1.18 dividend on an annualized basis and a yield of 1.84%. TJX Companies’s dividend payout ratio is currently 42.91%.
In related news, EVP Kenneth Canestrari sold 35,827 shares of the stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $61.04, for a total transaction of $2,186,880.08. Following the completion of the sale, the executive vice president now owns 160,899 shares in the company, valued at $9,821,274.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott Goldenberg sold 30,000 shares of the stock in a transaction dated Thursday, May 19th. The stock was sold at an average price of $62.03, for a total value of $1,860,900.00. Following the sale, the chief financial officer now owns 119,127 shares of the company’s stock, valued at approximately $7,389,447.81. The disclosure for this sale can be found here. 0.19% of the stock is currently owned by corporate insiders.
TJX Companies Profile (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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