TJX Companies Inc (NYSE:TJX) Shares Sold by Cohen Lawrence B

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Cohen Lawrence B lessened its stake in shares of TJX Companies Inc (NYSE:TJX) by 3.8% in the second quarter, Holdings Channel.com reports. The fund owned 93,340 shares of the apparel and home fashions retailer’s stock after selling 3,735 shares during the quarter. TJX Companies comprises about 3.4% of Cohen Lawrence B’s holdings, making the stock its 6th biggest position. Cohen Lawrence B’s holdings in TJX Companies were worth $4,936,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Glassman Wealth Services lifted its holdings in shares of TJX Companies by 9.7% in the first quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock valued at $114,000 after purchasing an additional 190 shares in the last quarter. Seelaus Asset Management LLC lifted its holdings in shares of TJX Companies by 0.9% in the second quarter. Seelaus Asset Management LLC now owns 21,268 shares of the apparel and home fashions retailer’s stock valued at $1,125,000 after purchasing an additional 200 shares in the last quarter. Clarus Wealth Advisors lifted its holdings in shares of TJX Companies by 3.7% in the second quarter. Clarus Wealth Advisors now owns 6,053 shares of the apparel and home fashions retailer’s stock valued at $320,000 after purchasing an additional 218 shares in the last quarter. HighPoint Advisor Group LLC lifted its holdings in shares of TJX Companies by 2.6% in the first quarter. HighPoint Advisor Group LLC now owns 8,544 shares of the apparel and home fashions retailer’s stock valued at $456,000 after purchasing an additional 220 shares in the last quarter. Finally, First Allied Advisory Services Inc. lifted its holdings in shares of TJX Companies by 1.3% in the first quarter. First Allied Advisory Services Inc. now owns 17,172 shares of the apparel and home fashions retailer’s stock valued at $912,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 88.81% of the company’s stock.

NYSE TJX opened at $53.54 on Wednesday. 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 market capitalization of $62.71 billion, a P/E ratio of 25.37, a PEG ratio of 1.85 and a beta of 0.73. TJX Companies Inc has a 1-year low of $41.49 and a 1-year high of $57.15. The stock has a fifty day moving average of $54.14.

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 the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.21 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. Analysts anticipate that TJX Companies Inc will post 2.63 EPS for the current fiscal year.

The firm also recently announced 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. This represents a $0.92 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, August 14th. TJX Companies’s payout ratio is 43.60%.

A number of analysts have recently issued reports on TJX shares. Argus restated a “buy” rating on shares of TJX Companies in a report on Wednesday, July 3rd. MKM Partners increased their target price on TJX Companies to $62.00 in a report on Thursday, May 23rd. ValuEngine lowered TJX Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Friday, May 24th. 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 equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $58.34.

In other TJX Companies news, EVP Richard Sherr sold 1,480 shares of the stock in a transaction on Wednesday, May 22nd. The shares were 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 of the company’s stock, valued at $6,019,657.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction, the director now directly owns 28,771 shares in the company, 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 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.

See Also: 12b-1 Fees

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

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