Virginia Retirement Systems ET AL Acquires 58,100 Shares of TJX Companies Inc (NYSE:TJX)

Virginia Retirement Systems ET AL boosted its holdings in shares of TJX Companies Inc (NYSE:TJX) by 18.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 369,800 shares of the apparel and home fashions retailer’s stock after purchasing an additional 58,100 shares during the period. Virginia Retirement Systems ET AL’s holdings in TJX Companies were worth $19,555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Washington Trust Bank lifted its stake in shares of TJX Companies by 2.1% in the 1st quarter. Washington Trust Bank now owns 9,246 shares of the apparel and home fashions retailer’s stock valued at $492,000 after acquiring an additional 190 shares during the last quarter. Glassman Wealth Services lifted its stake in shares of TJX Companies by 9.7% in the 1st quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock valued at $114,000 after acquiring an additional 190 shares during the last quarter. Clarus Wealth Advisors lifted its stake in shares of TJX Companies by 3.7% in the 2nd quarter. Clarus Wealth Advisors now owns 6,053 shares of the apparel and home fashions retailer’s stock valued at $320,000 after acquiring an additional 218 shares during the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of TJX Companies by 2.6% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,544 shares of the apparel and home fashions retailer’s stock valued at $456,000 after acquiring an additional 220 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its stake in shares of TJX Companies by 1.3% in the 1st quarter. First Allied Advisory Services Inc. now owns 17,172 shares of the apparel and home fashions retailer’s stock valued at $912,000 after acquiring an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 88.82% of the company’s stock.

TJX Companies stock traded up $1.60 during trading hours on Tuesday, reaching $52.30. 384,946 shares of the company’s stock were exchanged, compared to its average volume of 4,885,555. 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 stock’s 50 day moving average price is $54.26. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $57.15. The firm has a market cap of $62.03 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.83 and a beta of 0.73.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $9.21 billion. During the same period last year, the business posted $1.13 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. On average, research analysts expect that TJX Companies Inc will post 2.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.76%. TJX Companies’s payout ratio is currently 43.60%.

In other TJX Companies news, EVP Richard Sherr sold 1,480 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total transaction of $75,998.00. Following the completion of 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director David T. Ching sold 20,000 shares of the 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 of the company’s stock, valued at $1,501,846.20. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

A number of analysts recently weighed in on the company. Nomura increased their price objective on TJX Companies from $57.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, May 24th. ValuEngine downgraded TJX Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Argus restated a “buy” rating on shares of TJX Companies in a report on Wednesday, July 3rd. Finally, Robert W. Baird assumed coverage on TJX Companies in a report on Monday, May 13th. They issued an “outperform” rating and a $63.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $58.34.

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

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