Landmark Bank increased its position in shares of TJX Companies Inc (NYSE:TJX) by 0.9% during the second quarter, HoldingsChannel reports. The fund owned 56,157 shares of the apparel and home fashions retailer’s stock after buying an additional 517 shares during the quarter. TJX Companies comprises about 2.0% of Landmark Bank’s portfolio, making the stock its 19th largest holding. Landmark Bank’s holdings in TJX Companies were worth $2,970,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Comerica Securities Inc. grew its stake in TJX Companies by 1,053.4% during the 4th quarter. Comerica Securities Inc. now owns 147,191 shares of the apparel and home fashions retailer’s stock valued at $6,585,000 after acquiring an additional 134,430 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TJX Companies by 103.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,709,381 shares of the apparel and home fashions retailer’s stock valued at $165,944,000 after buying an additional 1,889,337 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of TJX Companies by 115.8% in the 4th quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock valued at $792,161,000 after buying an additional 9,515,682 shares in the last quarter. Legacy Advisors LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at approximately $92,000. Finally, Community Trust & Investment Co. boosted its position in TJX Companies by 99.6% during the first quarter. Community Trust & Investment Co. now owns 151,252 shares of the apparel and home fashions retailer’s stock worth $8,048,000 after purchasing an additional 75,489 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.
In other TJX Companies news, EVP Richard Sherr sold 1,480 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total value of $75,998.00. Following the sale, the executive vice president now directly owns 117,228 shares in the company, valued at $6,019,657.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction on 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 completion of the sale, the director now owns 28,771 shares in the company, valued at $1,501,846.20. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.
Shares of NYSE TJX traded up $1.24 during trading hours on Friday, reaching $51.44. The stock had a trading volume of 254,309 shares, compared to its average volume of 5,309,937. The business’s fifty day moving average is $54.05 and its two-hundred day moving average is $52.75. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46. The company has a market cap of $64.93 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.87 and a beta of 0.73. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $57.15.
TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. TJX Companies had a return on equity of 57.47% and a net margin of 7.69%. The firm had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the prior year, the business posted $1.13 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Sell-side analysts forecast 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. Shareholders of record on Thursday, August 15th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, August 14th. TJX Companies’s dividend payout ratio (DPR) is 43.60%.
About TJX Companies
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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