The TJX Companies, Inc. (NYSE:TJX) Position Lifted by Kore Private Wealth LLC

Kore Private Wealth LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 26.8% during the second quarter, HoldingsChannel reports. The fund owned 5,400 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,141 shares during the quarter. Kore Private Wealth LLC’s holdings in The TJX Companies were worth $364,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Davis R M Inc. boosted its stake in The TJX Companies by 1.6% during the 2nd quarter. Davis R M Inc. now owns 711,021 shares of the apparel and home fashions retailer’s stock valued at $47,937,000 after acquiring an additional 11,161 shares during the last quarter. Eukles Asset Management boosted its stake in The TJX Companies by 6.1% during the 2nd quarter. Eukles Asset Management now owns 38,961 shares of the apparel and home fashions retailer’s stock valued at $2,627,000 after acquiring an additional 2,224 shares during the last quarter. Advisors Capital Management LLC boosted its stake in The TJX Companies by 0.4% during the 2nd quarter. Advisors Capital Management LLC now owns 475,740 shares of the apparel and home fashions retailer’s stock valued at $32,074,000 after acquiring an additional 2,097 shares during the last quarter. New Mexico Educational Retirement Board boosted its stake in The TJX Companies by 5.7% during the 2nd quarter. New Mexico Educational Retirement Board now owns 80,080 shares of the apparel and home fashions retailer’s stock valued at $5,399,000 after acquiring an additional 4,300 shares during the last quarter. Finally, Sand Hill Global Advisors LLC lifted its position in shares of The TJX Companies by 8.3% in the 1st quarter. Sand Hill Global Advisors LLC now owns 98,005 shares of the apparel and home fashions retailer’s stock worth $6,483,000 after buying an additional 7,542 shares during the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

In related news, CFO Scott Goldenberg sold 39,643 shares of the firm’s stock in a transaction that occurred on Thursday, August 19th. The shares were sold at an average price of $72.98, for a total transaction of $2,893,146.14. Following the completion of the sale, the chief financial officer now directly owns 145,897 shares in the company, valued at $10,647,563.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Carol Meyrowitz sold 72,546 shares of the firm’s stock in a transaction that occurred on Friday, August 20th. The stock was sold at an average price of $74.07, for a total transaction of $5,373,482.22. Following the sale, the chairman now owns 261,875 shares of the company’s stock, valued at $19,397,081.25. The disclosure for this sale can be found here. Company insiders own 0.19% of the company’s stock.

A number of research analysts have recently issued reports on TJX shares. Zacks Investment Research upgraded shares of The TJX Companies from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Wednesday, July 21st. Guggenheim raised their price target on shares of The TJX Companies from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 20th. Telsey Advisory Group increased their price objective on shares of The TJX Companies from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, August 19th. Citigroup increased their price objective on shares of The TJX Companies from $75.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, August 19th. Finally, JPMorgan Chase & Co. increased their price objective on shares of The TJX Companies from $80.00 to $86.00 and gave the stock an “overweight” rating in a report on Monday, August 16th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $78.25.

Shares of TJX opened at $63.50 on Thursday. The firm’s 50 day moving average is $69.84 and its 200-day moving average is $68.64. The stock has a market capitalization of $76.36 billion, a P/E ratio of 30.83, a P/E/G ratio of 2.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 0.83. The TJX Companies, Inc. has a 12-month low of $50.06 and a 12-month high of $76.16.

The TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, August 17th. The apparel and home fashions retailer reported $0.79 EPS for the quarter, topping the consensus estimate of $0.58 by $0.21. The TJX Companies had a net margin of 5.81% and a return on equity of 49.70%. The company had revenue of $12.08 billion during the quarter, compared to analysts’ expectations of $10.98 billion. During the same period last year, the company posted ($0.18) earnings per share. The business’s revenue for the quarter was up 81.1% on a year-over-year basis. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 2.94 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 2nd. Shareholders of record on Thursday, November 11th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Tuesday, November 9th. The TJX Companies’s payout ratio is 335.48%.

The TJX Companies Company Profile

The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.

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

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