Slow Capital Inc. Raises Stake in TJX Companies Inc (NYSE:TJX)
Slow Capital Inc. lifted its position in shares of TJX Companies Inc (NYSE:TJX) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,534 shares of the apparel and home fashions retailer’s stock after buying an additional 1,963 shares during the quarter. TJX Companies makes up 1.1% of Slow Capital Inc.’s investment portfolio, making the stock its 26th largest position. Slow Capital Inc.’s holdings in TJX Companies were worth $2,619,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its holdings in TJX Companies by 4.0% in the first quarter. FMR LLC now owns 53,531,356 shares of the apparel and home fashions retailer’s stock valued at $2,848,403,000 after purchasing an additional 2,052,931 shares during the period. Northern Trust Corp grew its holdings in TJX Companies by 2.4% in the first quarter. Northern Trust Corp now owns 18,119,245 shares of the apparel and home fashions retailer’s stock valued at $964,125,000 after purchasing an additional 428,865 shares during the period. Geode Capital Management LLC grew its holdings in TJX Companies by 115.8% in the fourth quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock valued at $792,161,000 after purchasing an additional 9,515,682 shares during the period. Fiera Capital Corp grew its holdings in TJX Companies by 5.3% in the first quarter. Fiera Capital Corp now owns 12,587,070 shares of the apparel and home fashions retailer’s stock valued at $669,759,000 after purchasing an additional 638,947 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in TJX Companies by 0.6% in the first quarter. Wells Fargo & Company MN now owns 11,285,780 shares of the apparel and home fashions retailer’s stock valued at $600,516,000 after purchasing an additional 67,636 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.
In other news, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the transaction, the director now directly owns 28,771 shares of the company’s stock, valued at $1,501,846.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total transaction of $75,998.00. Following the transaction, the executive vice president now directly owns 117,228 shares in the company, valued at $6,019,657.80. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.
TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the previous year, the company posted $1.13 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts anticipate that TJX Companies Inc will post 2.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.72%. TJX Companies’s payout ratio is currently 43.60%.
TJX has been the subject of a number of recent analyst reports. Cowen set a $63.00 target price on shares of TJX Companies and gave the company a “buy” rating in a report on Tuesday, June 4th. Robert W. Baird initiated coverage on shares of TJX Companies in a report on Monday, May 13th. They issued an “outperform” rating and a $63.00 target price for the company. ValuEngine downgraded shares of TJX Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. MKM Partners boosted their target price on shares of TJX Companies to $62.00 in a report on Thursday, May 23rd. Finally, Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $58.34.
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, 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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