Oak Ridge Investments LLC Has $3,309,000 Stake in The TJX Cos. (TJX)
Oak Ridge Investments LLC cut its position in shares of The TJX Cos. (NYSE:TJX) by 6.4% during the third quarter, Holdings Channel reports. The firm owned 44,251 shares of the apparel and home fashions retailer’s stock after selling 3,017 shares during the period. Oak Ridge Investments LLC’s holdings in The TJX Cos. were worth $3,309,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in TJX. FMR LLC raised its stake in The TJX Cos. by 0.7% in the second quarter. FMR LLC now owns 46,045,016 shares of the apparel and home fashions retailer’s stock worth $3,556,057,000 after buying an additional 333,779 shares during the period. Vanguard Group Inc. raised its stake in The TJX Cos. by 0.6% in the second quarter. Vanguard Group Inc. now owns 43,360,847 shares of the apparel and home fashions retailer’s stock worth $3,348,757,000 after buying an additional 239,983 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in The TJX Cos. by 3.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 18,773,971 shares of the apparel and home fashions retailer’s stock worth $1,449,914,000 after buying an additional 652,818 shares during the period. JPMorgan Chase & Co. raised its stake in The TJX Cos. by 28.5% in the third quarter. JPMorgan Chase & Co. now owns 13,526,285 shares of the apparel and home fashions retailer’s stock worth $1,011,496,000 after buying an additional 2,996,299 shares during the period. Finally, BlackRock Fund Advisors raised its stake in The TJX Cos. by 3.9% in the second quarter. BlackRock Fund Advisors now owns 10,074,212 shares of the apparel and home fashions retailer’s stock worth $778,031,000 after buying an additional 378,433 shares during the period. 85.94% of the stock is owned by institutional investors.
Shares of The TJX Cos. (NYSE:TJX) traded down 0.60% during trading on Wednesday, reaching $78.34. The company had a trading volume of 4,146,948 shares. The TJX Cos. has a 1-year low of $65.64 and a 1-year high of $83.64. The stock has a market capitalization of $51.84 billion, a price-to-earnings ratio of 22.95 and a beta of 0.69. The company’s 50 day moving average is $74.85 and its 200-day moving average is $76.67.
The TJX Cos. (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The company earned $8.29 billion during the quarter, compared to the consensus estimate of $8.23 billion. The TJX Cos. had a net margin of 7.00% and a return on equity of 53.12%. The TJX Cos.’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. On average, equities research analysts anticipate that The TJX Cos. will post $3.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Stockholders of record on Thursday, February 9th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.33%. The TJX Cos.’s payout ratio is presently 30.41%.
A number of research firms have commented on TJX. Stifel Nicolaus lowered their price target on The TJX Cos. from $92.00 to $86.00 and set a “buy” rating for the company in a research report on Wednesday, November 16th. Wedbush upped their price target on The TJX Cos. from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $85.00 price target on shares of The TJX Cos. in a research report on Wednesday, October 12th. Jefferies Group set a $75.00 price target on The TJX Cos. and gave the company a “hold” rating in a research report on Tuesday, August 16th. Finally, Zacks Investment Research lowered The TJX Cos. from a “buy” rating to a “hold” rating in a research report on Monday, October 24th. Three equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $83.64.
In other news, EVP Kenneth Canestrari sold 6,701 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $79.56, for a total transaction of $533,131.56. Following the transaction, the executive vice president now directly owns 64,871 shares of the company’s stock, valued at $5,161,136.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.
The TJX Cos. Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.
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