The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Kore Private Wealth LLC

Kore Private Wealth LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 26.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,400 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,141 shares during the period. Kore Private Wealth LLC’s holdings in The TJX Companies were worth $364,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Davis R M Inc. increased its position in shares of The TJX Companies by 1.6% in 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 period. Eukles Asset Management increased its position in shares of The TJX Companies by 6.1% in 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 period. Advisors Capital Management LLC increased its position in shares of The TJX Companies by 0.4% in 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 period. New Mexico Educational Retirement Board increased its position in shares of The TJX Companies by 5.7% in 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 period. Finally, Sand Hill Global Advisors LLC increased 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 valued at $6,483,000 after acquiring an additional 7,542 shares during the period. 87.70% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Chairman Carol Meyrowitz sold 72,546 shares of the business’s stock in a transaction dated Friday, August 20th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Scott Goldenberg sold 39,643 shares of the company’s stock in a transaction dated 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 approximately $10,647,563.06. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Several equities research analysts have commented on the stock. Telsey Advisory Group upped their price target on shares of The TJX Companies from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, August 19th. Argus reaffirmed a “buy” rating and issued a $86.00 price target (up from $78.00) on shares of The TJX Companies in a report on Wednesday, August 25th. Loop Capital lowered shares of The TJX Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $80.00 to $65.00 in a report on Thursday. JPMorgan Chase & Co. upped their price target on shares of The TJX Companies from $80.00 to $86.00 and gave the company an “overweight” rating in a report on Monday, August 16th. Finally, Citigroup upped their price target on shares of The TJX Companies from $75.00 to $82.00 and gave the company a “neutral” rating in a report on Thursday, August 19th. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $78.25.

NYSE TJX opened at $63.50 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.83 and a current ratio of 1.33. The firm has a market cap of $76.36 billion, a PE ratio of 30.83, a P/E/G ratio of 2.23 and a beta of 0.98. The TJX Companies, Inc. has a one year low of $50.06 and a one year high of $76.16. The firm’s fifty day moving average is $69.84 and its two-hundred day moving average is $68.64.

The TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 17th. The apparel and home fashions retailer reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $12.08 billion for the quarter, compared to analyst estimates of $10.98 billion. During the same period in the previous year, the business posted ($0.18) earnings per share. The business’s revenue was up 81.1% compared to the same quarter last year. Research analysts predict that The TJX Companies, Inc. will post 2.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 2nd. Stockholders of record on Thursday, November 11th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, November 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.64%. The TJX Companies’s dividend payout ratio (DPR) 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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