Regent Investment Management LLC Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Regent Investment Management LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 46,479 shares of the apparel and home fashions retailer’s stock after selling 645 shares during the quarter. Regent Investment Management LLC’s holdings in TJX Companies were worth $2,596,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gotham Asset Management LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $856,000. Mutual Advisors LLC grew its holdings in TJX Companies by 2.6% in the 4th quarter. Mutual Advisors LLC now owns 13,937 shares of the apparel and home fashions retailer’s stock valued at $1,058,000 after buying an additional 358 shares during the period. Enterprise Financial Services Corp acquired a new position in shares of TJX Companies during the 4th quarter valued at about $210,000. Blair William & Co. IL boosted its position in shares of TJX Companies by 8.0% in the fourth quarter. Blair William & Co. IL now owns 178,955 shares of the apparel and home fashions retailer’s stock worth $13,586,000 after acquiring an additional 13,212 shares during the last quarter. Finally, Clearstead Advisors LLC grew its holdings in TJX Companies by 3.6% in the fourth quarter. Clearstead Advisors LLC now owns 24,353 shares of the apparel and home fashions retailer’s stock valued at $1,849,000 after purchasing an additional 853 shares during the period. 90.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In related news, EVP Louise Greenlees sold 8,822 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total transaction of $599,896.00. Following the completion of the transaction, the executive vice president now owns 58,335 shares in the company, valued at approximately $3,966,780. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 8,822 shares of TJX Companies stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total transaction of $599,896.00. Following the sale, the executive vice president now owns 58,335 shares of the company’s stock, valued at approximately $3,966,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 50,282 shares of TJX Companies stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $65.90, for a total value of $3,313,583.80. Following the sale, the chief executive officer now directly owns 696,439 shares in the company, valued at approximately $45,895,330.10. The disclosure for this sale can be found here. Insiders sold 146,375 shares of company stock worth $9,821,034 in the last 90 days. 0.19% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

Shares of TJX traded down $0.90 during mid-day trading on Friday, hitting $61.11. The stock had a trading volume of 109,187 shares, compared to its average volume of 4,514,089. The company has a market cap of $70.95 billion, a PE ratio of 22.15, a PEG ratio of 1.93 and a beta of 0.90. The company’s fifty day simple moving average is $63.80 and its two-hundred day simple moving average is $61.65. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt-to-equity ratio of 0.53. The TJX Companies, Inc. has a fifty-two week low of $53.69 and a fifty-two week high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last issued its earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 EPS for the quarter, topping the consensus estimate of $0.67 by $0.02. The company had revenue of $11.84 billion during the quarter, compared to analyst estimates of $12.05 billion. TJX Companies had a return on equity of 61.19% and a net margin of 6.77%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 3.11 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.18 dividend on an annualized basis and a yield of 1.93%. TJX Companies’s dividend payout ratio is currently 42.14%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Cowen boosted their price objective on shares of TJX Companies from $72.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $71.00 to $80.00 in a report on Friday, September 16th. Robert W. Baird increased their target price on TJX Companies from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, August 18th. The Goldman Sachs Group initiated coverage on TJX Companies in a report on Tuesday, August 2nd. They set a “neutral” rating and a $70.00 target price on the stock. Finally, Morgan Stanley raised their target price on TJX Companies from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, August 18th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $74.94.

TJX Companies Profile

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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; jewelry and accessories; and other merchandise.

Further Reading

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

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