Greenleaf Trust Grows Stock Holdings in TJX Companies Inc (NYSE:TJX)

Greenleaf Trust grew its holdings in TJX Companies Inc (NYSE:TJX) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,563 shares of the apparel and home fashions retailer’s stock after acquiring an additional 8,158 shares during the period. Greenleaf Trust’s holdings in TJX Companies were worth $9,442,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Logan Capital Management Inc. boosted its holdings in TJX Companies by 6.5% during the second quarter. Logan Capital Management Inc. now owns 104,443 shares of the apparel and home fashions retailer’s stock worth $5,523,000 after buying an additional 6,386 shares in the last quarter. Westside Investment Management Inc. purchased a new stake in TJX Companies during the second quarter worth $37,000. Carnegie Capital Asset Management LLC boosted its holdings in TJX Companies by 6.0% during the second quarter. Carnegie Capital Asset Management LLC now owns 202,296 shares of the apparel and home fashions retailer’s stock worth $10,697,000 after buying an additional 11,414 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in TJX Companies by 17.0% during the second quarter. Quadrant Capital Group LLC now owns 10,203 shares of the apparel and home fashions retailer’s stock worth $527,000 after buying an additional 1,479 shares in the last quarter. Finally, Clarus Wealth Advisors boosted its holdings in TJX Companies by 3.7% during the second quarter. Clarus Wealth Advisors now owns 6,053 shares of the apparel and home fashions retailer’s stock worth $320,000 after buying an additional 218 shares in the last quarter. 88.73% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the stock. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Friday, May 24th. Nomura increased their price target on shares of TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Argus reissued a “buy” rating on shares of TJX Companies in a report on Wednesday, July 3rd. ValuEngine downgraded shares of TJX Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Robert W. Baird assumed coverage on shares of TJX Companies in a report on Monday, May 13th. They set an “outperform” rating and a $63.00 price target on the stock. 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 company presently has an average rating of “Buy” and an average target price of $58.34.

NYSE:TJX opened at $52.36 on Friday. 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 business’s fifty day moving average is $54.36. The firm has a market capitalization of $63.77 billion, a PE ratio of 22.14, a PEG ratio of 1.84 and a beta of 0.73. TJX Companies Inc has a fifty-two week low of $41.49 and a fifty-two week high of $57.15.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.02. The company had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.21 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The firm’s revenue for the quarter 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. Equities research analysts predict that TJX Companies Inc will post 2.63 earnings per share for the current year.

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Wednesday, August 14th. TJX Companies’s dividend payout ratio is presently 43.60%.

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

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.

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

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