Sheaff Brock Investment Advisors LLC Purchases 14,600 Shares of TJX Companies Inc (NYSE:TJX)
Sheaff Brock Investment Advisors LLC lifted its stake in TJX Companies Inc (NYSE:TJX) by 137.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,195 shares of the apparel and home fashions retailer’s stock after purchasing an additional 14,600 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in TJX Companies were worth $1,332,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of TJX. Stone House Investment Management LLC acquired a new position in shares of TJX Companies in the 1st quarter valued at $25,000. CSU Producer Resources Inc. bought a new stake in TJX Companies in the 1st quarter valued at $27,000. Financial Gravity Wealth Inc. bought a new stake in TJX Companies in the 1st quarter valued at $30,000. Ellevest Inc. lifted its position in TJX Companies by 1,428.9% in the 1st quarter. Ellevest Inc. now owns 9,632 shares of the apparel and home fashions retailer’s stock valued at $31,000 after acquiring an additional 9,002 shares in the last quarter. Finally, Lenox Wealth Management Inc. lifted its position in TJX Companies by 92.0% in the 1st quarter. Lenox Wealth Management Inc. now owns 626 shares of the apparel and home fashions retailer’s stock valued at $33,000 after acquiring an additional 300 shares in the last quarter. 88.81% of the stock is owned by institutional investors and hedge funds.
In related news, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total value of $1,044,000.00. Following the transaction, the director now owns 28,771 shares in the company, valued at approximately $1,501,846.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Richard Sherr sold 1,480 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total transaction of $75,998.00. Following the completion of the transaction, the executive vice president now owns 117,228 shares in the company, valued at approximately $6,019,657.80. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.
Shares of TJX Companies stock traded up $1.55 during trading on Tuesday, hitting $53.45. 4,278,188 shares of the stock were exchanged, compared to its average volume of 5,181,598. The firm has a market cap of $62.71 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.85 and a beta of 0.73. The stock has a fifty day moving average of $54.13. TJX Companies Inc has a 1-year low of $41.49 and a 1-year high of $57.15. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46.
TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.02. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the business earned $1.13 EPS. TJX Companies’s quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts expect that TJX Companies Inc will post 2.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a $0.23 dividend. 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 1.72%. TJX Companies’s dividend payout ratio (DPR) is currently 43.60%.
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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