TJX Companies Inc (TJX) Holdings Reduced by Strs Ohio

Strs Ohio lessened its position in TJX Companies Inc (NYSE:TJX) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 360,360 shares of the apparel and home fashions retailer’s stock after selling 40,690 shares during the period. Strs Ohio owned approximately 0.06% of TJX Companies worth $34,299,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in shares of TJX Companies by 0.5% in the second quarter. Commonwealth Equity Services LLC now owns 103,639 shares of the apparel and home fashions retailer’s stock valued at $9,864,000 after buying an additional 540 shares during the period. Torch Wealth Management LLC boosted its holdings in shares of TJX Companies by 4.1% in the first quarter. Torch Wealth Management LLC now owns 15,340 shares of the apparel and home fashions retailer’s stock valued at $1,251,000 after buying an additional 600 shares during the period. Nelson Roberts Investment Advisors LLC boosted its holdings in shares of TJX Companies by 0.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 78,790 shares of the apparel and home fashions retailer’s stock valued at $7,499,000 after buying an additional 600 shares during the period. Wetherby Asset Management Inc. boosted its holdings in shares of TJX Companies by 4.4% in the second quarter. Wetherby Asset Management Inc. now owns 14,202 shares of the apparel and home fashions retailer’s stock valued at $1,352,000 after buying an additional 602 shares during the period. Finally, NN Investment Partners Holdings N.V. boosted its holdings in shares of TJX Companies by 0.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 68,554 shares of the apparel and home fashions retailer’s stock valued at $6,524,000 after buying an additional 623 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the stock. Loop Capital reiterated a “hold” rating and issued a $90.00 price target on shares of TJX Companies in a report on Wednesday, June 27th. Credit Suisse Group upped their price target on shares of TJX Companies from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, June 22nd. Buckingham Research upped their price target on shares of TJX Companies from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, May 23rd. OTR Global assumed coverage on shares of TJX Companies in a report on Tuesday, May 8th. They issued a “positive” rating for the company. Finally, Atlantic Securities cut shares of TJX Companies from an “overweight” rating to a “neutral” rating and set a $75.00 price target for the company. in a report on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company’s stock. TJX Companies currently has a consensus rating of “Buy” and an average price target of $92.76.

Shares of TJX opened at $98.52 on Thursday. TJX Companies Inc has a 12 month low of $66.44 and a 12 month high of $101.49. The firm has a market cap of $62.96 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 1.96 and a beta of 0.66. The company has a quick ratio of 0.81, a current ratio of 1.69 and a debt-to-equity ratio of 0.42.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 6th. Investors of record on Thursday, August 16th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.58%. The ex-dividend date is Wednesday, August 15th. TJX Companies’s payout ratio is 38.61%.

In other TJX Companies news, Director Amy B. Lane sold 500 shares of the stock in a transaction on Wednesday, May 23rd. The shares were 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 in the company, valued at $1,364,598.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Sherr sold 2,220 shares of the stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $88.03, for a total transaction of $195,426.60. Following the completion of the sale, the executive vice president now owns 90,495 shares of the company’s stock, valued at approximately $7,966,274.85. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

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.

See Also: Earnings Per Share (EPS) Explained

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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