Nichols & Pratt Advisers LLP MA Purchases 755 Shares of TJX Companies Inc (NYSE:TJX)

Nichols & Pratt Advisers LLP MA increased its position in shares of TJX Companies Inc (NYSE:TJX) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 414,232 shares of the apparel and home fashions retailer’s stock after acquiring an additional 755 shares during the period. TJX Companies makes up about 1.8% of Nichols & Pratt Advisers LLP MA’s holdings, making the stock its 19th biggest position. Nichols & Pratt Advisers LLP MA’s holdings in TJX Companies were worth $21,908,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of TJX Companies by 115.8% in the 4th quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock worth $792,161,000 after buying an additional 9,515,682 shares during the last quarter. FMR LLC increased its holdings in shares of TJX Companies by 4.0% in the 1st quarter. FMR LLC now owns 53,531,356 shares of the apparel and home fashions retailer’s stock worth $2,848,403,000 after buying an additional 2,052,931 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TJX Companies by 103.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,709,381 shares of the apparel and home fashions retailer’s stock worth $165,944,000 after buying an additional 1,889,337 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of TJX Companies by 232.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,998,637 shares of the apparel and home fashions retailer’s stock worth $105,688,000 after buying an additional 1,397,530 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of TJX Companies by 16.6% in the 1st quarter. California Public Employees Retirement System now owns 7,989,918 shares of the apparel and home fashions retailer’s stock worth $425,144,000 after buying an additional 1,136,138 shares during the last quarter. 89.45% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Richard Sherr sold 1,480 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total value of $75,998.00. Following the completion of the sale, the executive vice president now directly owns 117,228 shares of the company’s stock, valued at approximately $6,019,657.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David T. Ching sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the sale, the director now directly owns 28,771 shares of the company’s stock, valued at $1,501,846.20. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

TJX traded down $0.88 during trading on Tuesday, hitting $50.67. 716,765 shares of the stock traded hands, compared to its average volume of 5,731,712. The firm has a market capitalization of $62.32 billion, a P/E ratio of 24.08, a price-to-earnings-growth ratio of 1.80 and a beta of 0.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46. The firm has a 50-day moving average of $53.94 and a 200 day moving average of $52.72. TJX Companies Inc has a 12-month low of $41.49 and a 12-month high of $57.15.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.21 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.13 EPS. As a group, equities analysts predict that TJX Companies Inc will post 2.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 annualized dividend and a yield of 1.82%. TJX Companies’s payout ratio is currently 43.60%.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Friday, May 24th. MKM Partners increased their price target on shares of TJX Companies to $62.00 in a report on Thursday, May 23rd. Nomura increased their target price on shares of TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Loop Capital raised shares of TJX Companies from a “hold” rating to a “buy” rating and increased their target price for the company from $50.00 to $60.00 in a report on Friday. Finally, Argus reaffirmed a “buy” rating on shares of TJX Companies in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $58.80.

TJX Companies Company 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, 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; footwear; and other merchandise.

Featured Article: CD Ladder

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).

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

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.