Hartford Financial Management Inc. Has $320,000 Holdings in TJX Companies Inc (NYSE:TJX)

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Hartford Financial Management Inc. lessened its stake in shares of TJX Companies Inc (NYSE:TJX) by 14.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,047 shares of the apparel and home fashions retailer’s stock after selling 983 shares during the period. Hartford Financial Management Inc.’s holdings in TJX Companies were worth $320,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Comerica Securities Inc. boosted its stake in TJX Companies by 1,053.4% during the fourth quarter. Comerica Securities Inc. now owns 147,191 shares of the apparel and home fashions retailer’s stock valued at $6,585,000 after buying an additional 134,430 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of TJX Companies by 103.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,709,381 shares of the apparel and home fashions retailer’s stock worth $165,944,000 after purchasing an additional 1,889,337 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 worth $792,161,000 after purchasing an additional 9,515,682 shares during the last quarter. Legacy Advisors LLC bought a new stake in shares of TJX Companies in the first quarter worth about $92,000. Finally, Webster Bank N. A. boosted its position in TJX Companies by 10.3% during the 1st quarter. Webster Bank N. A. now owns 2,446 shares of the apparel and home fashions retailer’s stock valued at $130,000 after acquiring an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

TJX opened at $53.54 on Wednesday. The firm’s 50-day moving average is $54.14. TJX Companies Inc has a 52 week low of $41.49 and a 52 week high of $57.15. The company has a market cap of $62.71 billion, a P/E ratio of 25.37, a PEG ratio of 1.85 and a beta of 0.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. The business’s revenue was up 6.8% on a year-over-year basis. As a group, analysts forecast that TJX Companies Inc will post 2.63 earnings per share for the current year.

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

A number of analysts have recently commented on TJX shares. Robert W. Baird started coverage on TJX Companies in a research report on Monday, May 13th. They issued an “outperform” rating and a $63.00 price target on the stock. MKM Partners upped their price objective on TJX Companies to $62.00 in a research note on Thursday, May 23rd. Cowen set a $63.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a report on Tuesday, June 4th. ValuEngine downgraded shares of TJX Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research raised shares of 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $58.34.

In other news, EVP Richard Sherr sold 1,480 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total transaction of $75,998.00. Following the sale, the executive vice president now directly owns 117,228 shares in the company, valued at approximately $6,019,657.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 28,771 shares in the company, valued at $1,501,846.20. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

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: What is the return on assets (ROA) ratio?

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

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