TJX Companies Inc (NYSE:TJX) Shares Acquired by Todd Asset Management LLC

Todd Asset Management LLC increased its holdings in TJX Companies Inc (NYSE:TJX) by 20.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 283,469 shares of the apparel and home fashions retailer’s stock after acquiring an additional 48,478 shares during the quarter. Todd Asset Management LLC’s holdings in TJX Companies were worth $14,990,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in TJX. Wallington Asset Management LLC raised its stake in TJX Companies by 2.7% during the first quarter. Wallington Asset Management LLC now owns 262,424 shares of the apparel and home fashions retailer’s stock valued at $13,964,000 after buying an additional 6,890 shares in the last quarter. Ashburton Jersey Ltd boosted its stake in shares of TJX Companies by 400.9% during the 1st quarter. Ashburton Jersey Ltd now owns 5,860 shares of the apparel and home fashions retailer’s stock worth $312,000 after acquiring an additional 4,690 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of TJX Companies by 13.4% during the 1st quarter. Cetera Advisors LLC now owns 27,975 shares of the apparel and home fashions retailer’s stock worth $1,491,000 after acquiring an additional 3,303 shares in the last quarter. Seelaus Asset Management LLC bought a new stake in shares of TJX Companies during the 1st quarter worth $1,121,000. Finally, Confluence Investment Management LLC lifted its holdings in shares of TJX Companies by 2.1% in the second quarter. Confluence Investment Management LLC now owns 1,060,531 shares of the apparel and home fashions retailer’s stock valued at $56,081,000 after purchasing an additional 21,974 shares in the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.

Shares of NYSE:TJX traded down $1.79 during midday trading on Friday, hitting $53.09. 7,654,495 shares of the stock were exchanged, compared to its average volume of 7,434,068. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.46 and a current ratio of 1.25. TJX Companies Inc has a 52-week low of $41.49 and a 52-week high of $57.15. The business’s fifty day simple moving average is $53.92 and its two-hundred day simple moving average is $52.80. The company has a market capitalization of $66.55 billion, a PE ratio of 25.16, a P/E/G ratio of 1.93 and a beta of 0.73.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. TJX Companies had a return on equity of 57.64% and a net margin of 7.66%. The business had revenue of $9.78 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same period last year, the company earned $1.17 earnings per share. TJX Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that TJX Companies Inc will post 2.61 EPS for the current year.

The company 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. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 annualized dividend and a dividend yield of 1.73%. TJX Companies’s dividend payout ratio is 43.60%.

In related news, Director David T. Ching sold 20,000 shares of the 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 sale, the director now directly owns 28,771 shares in the company, valued at $1,501,846.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on TJX shares. Robert W. Baird started coverage on TJX Companies in a report on Monday, May 13th. They issued an “outperform” rating and a $63.00 target price for the company. ValuEngine lowered TJX Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Loop Capital upgraded 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, August 16th. Nomura increased their target price on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Finally, Credit Suisse Group increased their target price on TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target 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.

Further Reading: Capital gains and your 401(k) or IRA

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

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