Welch Group LLC decreased its position in The TJX Cos. (NYSE:TJX) by 38.5% during the second quarter, Holdings Channel reports. The firm owned 1,786 shares of the apparel and home fashions retailer’s stock after selling 1,119 shares during the period. Welch Group LLC’s holdings in The TJX Cos. were worth $138,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in TJX. Credit Agricole S A increased its position in The TJX Cos. by 166.7% in the first quarter. Credit Agricole S A now owns 1,483,436 shares of the apparel and home fashions retailer’s stock worth $116,227,000 after buying an additional 927,167 shares during the period. 1832 Asset Management L.P. boosted its stake in shares of The TJX Cos. by 53.5% in the first quarter. 1832 Asset Management L.P. now owns 1,927,500 shares of the apparel and home fashions retailer’s stock worth $255,225,000 after buying an additional 671,500 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of The TJX Cos. by 1,007.6% in the first quarter. Bessemer Group Inc. now owns 679,358 shares of the apparel and home fashions retailer’s stock worth $53,227,000 after buying an additional 618,024 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of The TJX Cos. during the second quarter worth about $46,705,000. Finally, Renaissance Technologies LLC bought a new stake in shares of The TJX Cos. during the first quarter worth about $42,771,000. 88.78% of the stock is owned by hedge funds and other institutional investors.
The TJX Cos. (NYSE:TJX) traded up 0.05% during mid-day trading on Tuesday, reaching $74.39. The company had a trading volume of 2,712,754 shares. The TJX Cos. has a 12-month low of $63.53 and a 12-month high of $83.64. The stock has a market capitalization of $48.85 billion, a P/E ratio of 21.60 and a beta of 0.65. The stock has a 50 day moving average price of $76.70 and a 200-day moving average price of $77.32.
The TJX Cos. (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The TJX Cos. had a return on equity of 52.69% and a net margin of 7.23%. The business had revenue of $7.88 billion for the quarter, compared to analysts’ expectations of $7.85 billion. During the same quarter in the previous year, the firm earned $0.80 earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. Equities analysts anticipate that The TJX Cos. will post $3.49 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.04 annualized dividend and a yield of 1.40%. The TJX Cos.’s dividend payout ratio is currently 30.15%.
TJX has been the topic of a number of analyst reports. Wells Fargo & Co. reiterated a “buy” rating on shares of The TJX Cos. in a research note on Monday, June 27th. BMO Capital Markets reiterated an “outperform” rating and set a $85.00 price objective on shares of The TJX Cos. in a research note on Thursday, June 30th. Miller Tabak initiated coverage on The TJX Cos. in a research note on Friday, June 24th. They set a “buy” rating and a $91.00 price objective on the stock. Zacks Investment Research cut The TJX Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of The TJX Cos. in a research note on Tuesday, June 14th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $83.44.
The TJX Cos. Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.
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