Baldwin Brothers Inc. MA Sells 533 Shares of TJX Companies Inc (NYSE:TJX)

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Baldwin Brothers Inc. MA decreased its position in shares of TJX Companies Inc (NYSE:TJX) by 9.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,300 shares of the apparel and home fashions retailer’s stock after selling 533 shares during the period. Baldwin Brothers Inc. MA’s holdings in TJX Companies were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Washington Trust Bank increased its holdings in shares of TJX Companies by 2.1% in the first quarter. Washington Trust Bank now owns 9,246 shares of the apparel and home fashions retailer’s stock worth $492,000 after buying an additional 190 shares during the period. Glassman Wealth Services increased its holdings in shares of TJX Companies by 9.7% in the first quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock worth $114,000 after buying an additional 190 shares during the period. HighPoint Advisor Group LLC increased its holdings in shares of TJX Companies by 2.6% in the first quarter. HighPoint Advisor Group LLC now owns 8,544 shares of the apparel and home fashions retailer’s stock worth $456,000 after buying an additional 220 shares during the period. First Allied Advisory Services Inc. increased its holdings in shares of TJX Companies by 1.3% in the first quarter. First Allied Advisory Services Inc. now owns 17,172 shares of the apparel and home fashions retailer’s stock worth $912,000 after buying an additional 225 shares during the period. Finally, Webster Bank N. A. increased its holdings in shares of TJX Companies by 10.3% in the first quarter. Webster Bank N. A. now owns 2,446 shares of the apparel and home fashions retailer’s stock worth $130,000 after buying an additional 228 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

TJX has been the topic of several analyst reports. Nomura lifted their price objective on TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Robert W. Baird started coverage on TJX Companies in a research note on Monday, May 13th. They issued an “outperform” rating and a $63.00 target price on the stock. Argus reissued a “buy” rating on shares of TJX Companies in a research note on Wednesday, July 3rd. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Friday, May 24th. Finally, ValuEngine cut TJX Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $58.34.

Shares of TJX opened at $50.20 on Friday. The company has a quick ratio of 0.46, a current ratio of 1.23 and a debt-to-equity ratio of 1.92. The business’s 50 day moving average price is $54.05 and its 200-day moving average price is $52.75. TJX Companies Inc has a 52 week low of $41.49 and a 52 week high of $57.15. The stock has a market cap of $62.93 billion, a P/E ratio of 23.79, a P/E/G ratio of 1.81 and a beta of 0.73.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same period in the previous year, the business earned $1.13 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts anticipate that TJX Companies Inc will post 2.63 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a yield of 1.83%. TJX Companies’s payout ratio is currently 43.60%.

In other TJX Companies news, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the completion of the sale, the director now directly 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 is available through this link. Also, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total transaction of $75,998.00. Following the sale, the executive vice president now owns 117,228 shares of the company’s stock, valued at $6,019,657.80. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

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

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