Stone Ridge Asset Management LLC Sells 314,000 Shares of TJX Companies Inc (NYSE:TJX)

Stone Ridge Asset Management LLC decreased its position in TJX Companies Inc (NYSE:TJX) by 80.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,128 shares of the apparel and home fashions retailer’s stock after selling 314,000 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in TJX Companies were worth $3,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Associated Banc Corp increased its stake in TJX Companies by 26.4% in the 2nd quarter. Associated Banc Corp now owns 7,119 shares of the apparel and home fashions retailer’s stock worth $376,000 after acquiring an additional 1,486 shares during the last quarter. Insight Wealth Strategies LLC increased its position in shares of TJX Companies by 136.9% during the 2nd quarter. Insight Wealth Strategies LLC now owns 9,828 shares of the apparel and home fashions retailer’s stock valued at $520,000 after purchasing an additional 5,680 shares during the last quarter. Lincoln National Corp bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $204,000. Prime Capital Investment Advisors LLC increased its position in shares of TJX Companies by 287.3% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 1,762 shares of the apparel and home fashions retailer’s stock valued at $93,000 after purchasing an additional 1,307 shares during the last quarter. Finally, Mid Atlantic Financial Management Inc. ADV increased its position in shares of TJX Companies by 17.9% during the 2nd quarter. Mid Atlantic Financial Management Inc. ADV now owns 9,449 shares of the apparel and home fashions retailer’s stock valued at $500,000 after purchasing an additional 1,434 shares during the last quarter. 89.45% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 28,771 shares in the company, valued at approximately $1,501,846.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

TJX traded down $1.79 during trading hours on Friday, reaching $53.09. 7,654,495 shares of the company’s stock traded hands, compared to its average volume of 7,115,182. The firm has a 50-day moving average price of $53.92 and a 200 day moving average price of $52.80. TJX Companies Inc has a 52-week low of $41.49 and a 52-week high of $57.15. The company has a quick ratio of 0.46, a current ratio of 1.25 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $64.88 billion, a PE ratio of 25.16, a PEG ratio of 1.88 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.62. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The company had revenue of $9.78 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same quarter in the previous year, the business earned $1.17 EPS. TJX Companies’s revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that TJX Companies Inc will post 2.61 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s payout ratio is currently 43.60%.

Several research firms have recently weighed in on TJX. Cowen set a $62.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Tuesday. MKM Partners set a $62.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, May 24th. Robert W. Baird began coverage on TJX Companies in a research report on Monday, May 13th. They set an “outperform” rating and a $63.00 target price on the stock. Finally, DA Davidson set a $65.00 target price on TJX Companies and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $59.56.

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, 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.

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

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