Sumitomo Life Insurance Co. grew its holdings in TJX Companies Inc (NYSE:TJX) by 6.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,242 shares of the apparel and home fashions retailer’s stock after buying an additional 2,880 shares during the period. Sumitomo Life Insurance Co.’s holdings in TJX Companies were worth $3,129,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of TJX Companies in the second quarter valued at about $1,223,000. First National Bank of Mount Dora Trust Investment Services acquired a new stake in shares of TJX Companies in the third quarter valued at about $2,419,000. Park National Corp OH raised its position in shares of TJX Companies by 5.3% in the third quarter. Park National Corp OH now owns 129,448 shares of the apparel and home fashions retailer’s stock valued at $7,216,000 after buying an additional 6,488 shares during the last quarter. Ellevest Inc. raised its position in shares of TJX Companies by 5.2% in the second quarter. Ellevest Inc. now owns 10,132 shares of the apparel and home fashions retailer’s stock valued at $57,000 after buying an additional 500 shares during the last quarter. Finally, CCM Investment Advisers LLC raised its position in shares of TJX Companies by 0.3% in the third quarter. CCM Investment Advisers LLC now owns 220,981 shares of the apparel and home fashions retailer’s stock valued at $12,317,000 after buying an additional 747 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.
TJX stock traded down $1.27 during mid-day trading on Friday, hitting $61.18. 171,633 shares of the company were exchanged, compared to its average volume of 3,767,875. The company has a quick ratio of 0.40, a current ratio of 1.22 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $75.11 billion, a P/E ratio of 24.01, a PEG ratio of 2.23 and a beta of 0.68. The business has a fifty day simple moving average of $61.20 and a 200-day simple moving average of $57.55. TJX Companies Inc has a 12-month low of $48.19 and a 12-month high of $63.03.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.50%. The ex-dividend date is Wednesday, February 12th. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.
In other news, Chairman Carol Meyrowitz sold 74,262 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $60.55, for a total value of $4,496,564.10. Following the completion of the transaction, the chairman now owns 330,679 shares of the company’s stock, valued at $20,022,613.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 127,296 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $60.38, for a total transaction of $7,686,132.48. Following the completion of the transaction, the chief executive officer now directly owns 575,966 shares of the company’s stock, valued at approximately $34,776,827.08. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.
A number of equities research analysts recently issued reports on TJX shares. Telsey Advisory Group upped their price objective on shares of TJX Companies from $62.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Wells Fargo & Co reissued a “hold” rating on shares of TJX Companies in a report on Monday, December 9th. MKM Partners upped their price objective on shares of TJX Companies to $70.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Nomura started coverage on shares of TJX Companies in a report on Thursday, November 7th. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Citigroup upped their price objective on shares of TJX Companies from $58.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. TJX Companies has an average rating of “Buy” and a consensus target price of $65.42.
TJX Companies Company 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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