Swarthmore Group Inc. Acquires 120,360 Shares of The TJX Companies, Inc. (NYSE:TJX)
Swarthmore Group Inc. grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1,124.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 131,060 shares of the apparel and home fashions retailer’s stock after buying an additional 120,360 shares during the quarter. The TJX Companies comprises about 2.4% of Swarthmore Group Inc.’s investment portfolio, making the stock its 20th largest position. Swarthmore Group Inc.’s holdings in The TJX Companies were worth $8,670,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently modified their holdings of the company. Jennison Associates LLC grew its holdings in shares of The TJX Companies by 152,536.5% during the fourth quarter. Jennison Associates LLC now owns 15,352,184 shares of the apparel and home fashions retailer’s stock valued at $1,048,401,000 after buying an additional 15,342,126 shares during the last quarter. Norges Bank bought a new position in The TJX Companies during the fourth quarter valued at approximately $870,385,000. Price T Rowe Associates Inc. MD lifted its position in The TJX Companies by 45.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,623,217 shares of the apparel and home fashions retailer’s stock valued at $1,476,649,000 after purchasing an additional 6,706,718 shares during the period. FMR LLC raised its position in The TJX Companies by 19.6% in the fourth quarter. FMR LLC now owns 26,414,339 shares of the apparel and home fashions retailer’s stock worth $1,803,835,000 after acquiring an additional 4,330,736 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its position in The TJX Companies by 67.2% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 7,893,542 shares of the apparel and home fashions retailer’s stock worth $539,047,000 after acquiring an additional 3,173,259 shares during the period. 88.81% of the stock is owned by hedge funds and other institutional investors.
TJX stock opened at $72.08 on Tuesday. The firm’s fifty day simple moving average is $68.03 and its 200-day simple moving average is $65.11. The company has a market capitalization of $86.93 billion, a P/E ratio of 120.14, a price-to-earnings-growth ratio of 14.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.41 and a quick ratio of 0.99. The TJX Companies, Inc. has a 12 month low of $42.52 and a 12 month high of $72.48.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 3rd. Investors of record on Thursday, May 13th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, May 12th. The TJX Companies’s dividend payout ratio is currently 38.95%.
Several equities analysts recently weighed in on TJX shares. William Blair reaffirmed an “outperform” rating on shares of The TJX Companies in a research note on Wednesday, March 24th. Zacks Investment Research upgraded shares of The TJX Companies from a “strong sell” rating to a “hold” rating and set a $73.00 target price for the company in a report on Tuesday, April 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of The TJX Companies from $73.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, February 25th. Gordon Haskett restated a “hold” rating and issued a $68.00 price target (down previously from $76.00) on shares of The TJX Companies in a report on Wednesday, March 3rd. Finally, Morgan Stanley boosted their price target on shares of The TJX Companies from $70.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, January 20th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The TJX Companies currently has an average rating of “Buy” and a consensus target price of $69.92.
In other The TJX Companies news, EVP Richard Sherr sold 40,253 shares of the company’s stock in a transaction on Tuesday, April 13th. The shares were sold at an average price of $68.84, for a total transaction of $2,771,016.52. Following the completion of the transaction, the executive vice president now directly owns 97,491 shares in the company, valued at $6,711,280.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $66.78, for a total transaction of $100,170.00. Following the transaction, the director now owns 28,311 shares of the company’s stock, valued at $1,890,608.58. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.
The TJX Companies Profile
The TJX Companies, Inc, together with its subsidiaries, 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; fine jewelry and accessories; and other merchandise.
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