Diamond Hill Capital Management Inc. lifted its stake in TJX Companies Inc (NYSE:TJX) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,946,949 shares of the apparel and home fashions retailer’s stock after acquiring an additional 24,534 shares during the period. TJX Companies accounts for 2.0% of Diamond Hill Capital Management Inc.’s portfolio, making the stock its 12th largest position. Diamond Hill Capital Management Inc. owned 0.57% of TJX Companies worth $367,355,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new position in shares of TJX Companies in the 1st quarter worth $25,000. CSU Producer Resources Inc. bought a new position in shares of TJX Companies in the 1st quarter worth $27,000. Financial Gravity Wealth Inc. bought a new position in shares of TJX Companies in the 1st quarter worth $30,000. Ellevest Inc. raised its position in shares of TJX Companies by 1,428.9% in the 1st quarter. Ellevest Inc. now owns 9,632 shares of the apparel and home fashions retailer’s stock worth $31,000 after acquiring an additional 9,002 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its position in shares of TJX Companies by 202.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock worth $31,000 after acquiring an additional 393 shares in the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.
In other news, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard Sherr sold 1,480 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total value of $75,998.00. Following the completion of the sale, the executive vice president now owns 117,228 shares in the company, valued at approximately $6,019,657.80. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.
TJX Companies (NYSE:TJX) last issued 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 return on equity of 57.47% and a net margin of 7.69%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the prior year, the business earned $1.13 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts expect that TJX Companies Inc will post 2.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.23 dividend. The ex-dividend date of this dividend 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 43.60%.
Several research analysts have recently commented on the company. Nomura boosted their price target on TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Cowen set a $63.00 price target on TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Robert W. Baird assumed coverage on TJX Companies in a research report on Monday, May 13th. They issued an “outperform” rating and a $63.00 price target for the company. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Friday, May 24th. Finally, ValuEngine lowered TJX Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One investment 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. TJX Companies presently has an average rating of “Buy” and a consensus price target of $58.34.
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.
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