The TJX Cos. (TJX) Shares Sold by Sit Investment Associates Inc.
Sit Investment Associates Inc. decreased its stake in shares of The TJX Cos. (NYSE:TJX) by 36.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 372,650 shares of the apparel and home fashions retailer’s stock after selling 215,125 shares during the period. Sit Investment Associates Inc. owned approximately 0.06% of The TJX Cos. worth $28,780,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in TJX. Credit Agricole S A raised its position in shares of The TJX Cos. by 166.7% in the first quarter. Credit Agricole S A now owns 1,483,436 shares of the apparel and home fashions retailer’s stock valued at $116,227,000 after buying an additional 927,167 shares during the last quarter. 1832 Asset Management L.P. raised its position in shares of The TJX Cos. by 53.5% in the first quarter. 1832 Asset Management L.P. now owns 1,927,500 shares of the apparel and home fashions retailer’s stock valued at $255,225,000 after buying an additional 671,500 shares during the last quarter. Bessemer Group Inc. raised its position in shares of The TJX Cos. by 1,007.6% in the first quarter. Bessemer Group Inc. now owns 679,358 shares of the apparel and home fashions retailer’s stock valued at $53,227,000 after buying an additional 618,024 shares during the last quarter. Capital Fund Management S.A. purchased a new position in shares of The TJX Cos. during the second quarter valued at about $46,705,000. Finally, Renaissance Technologies LLC purchased a new position in shares of The TJX Cos. during the first quarter valued at about $42,771,000. Institutional investors own 88.78% of the company’s stock.
The TJX Cos. (NYSE:TJX) traded down 0.09% during midday trading on Wednesday, reaching $74.32. The company had a trading volume of 1,602,511 shares. The TJX Cos. has a 52 week low of $63.53 and a 52 week high of $83.64. The firm has a 50-day moving average price of $76.46 and a 200-day moving average price of $77.29. The company has a market capitalization of $48.80 billion, a price-to-earnings ratio of 21.58 and a beta of 0.65.
The TJX Cos. (NYSE:TJX) last announced its earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The business earned $7.88 billion during the quarter, compared to analyst estimates of $7.85 billion. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. Analysts expect that The TJX Cos. will post $3.49 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, November 8th. This represents a $1.04 dividend on an annualized basis and a yield of 1.40%. The TJX Cos.’s dividend payout ratio is presently 30.15%.
Several research analysts have issued reports on TJX shares. Zacks Investment Research lowered The TJX Cos. from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Guggenheim reiterated a “buy” rating and issued a $85.00 price target on shares of The TJX Cos. in a report on Friday, September 30th. Wells Fargo & Co. reiterated a “buy” rating on shares of The TJX Cos. in a report on Monday, June 27th. BMO Capital Markets reiterated an “outperform” rating and issued a $85.00 price target on shares of The TJX Cos. in a report on Thursday, June 30th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $92.00 price objective on shares of The TJX Cos. in a research note on Wednesday, August 17th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $83.44.
About The TJX Cos.
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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