FinTrust Capital Advisors LLC Cuts Holdings in TJX Companies Inc (NYSE:TJX)

FinTrust Capital Advisors LLC reduced its stake in shares of TJX Companies Inc (NYSE:TJX) by 15.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,620 shares of the apparel and home fashions retailer’s stock after selling 991 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in TJX Companies were worth $299,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its holdings in TJX Companies by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 49,232,312 shares of the apparel and home fashions retailer’s stock worth $5,515,004,000 after buying an additional 593,647 shares during the period. Albion Financial Group UT boosted its holdings in shares of TJX Companies by 85.8% during the 4th quarter. Albion Financial Group UT now owns 9,848 shares of the apparel and home fashions retailer’s stock valued at $441,000 after purchasing an additional 4,549 shares during the last quarter. Tufton Capital Management boosted its holdings in shares of TJX Companies by 101.7% during the 4th quarter. Tufton Capital Management now owns 210,960 shares of the apparel and home fashions retailer’s stock valued at $9,438,000 after purchasing an additional 106,390 shares during the last quarter. Provident Trust Co. boosted its holdings in shares of TJX Companies by 98.5% during the 4th quarter. Provident Trust Co. now owns 4,361,356 shares of the apparel and home fashions retailer’s stock valued at $195,127,000 after purchasing an additional 2,164,073 shares during the last quarter. Finally, Red Cedar Capital LLC boosted its holdings in shares of TJX Companies by 148.0% during the 4th quarter. Red Cedar Capital LLC now owns 19,142 shares of the apparel and home fashions retailer’s stock valued at $856,000 after purchasing an additional 11,424 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

A number of equities analysts have recently commented on the stock. Loop Capital raised their target price on shares of TJX Companies from $47.00 to $50.00 and gave the stock a “hold” rating in a research report on Wednesday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $62.00 target price (up from $56.00) on shares of TJX Companies in a research report on Thursday, February 28th. MKM Partners raised their target price on shares of TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 28th. Morgan Stanley raised their target price on shares of TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a research report on Thursday, February 28th. Finally, Credit Suisse Group raised their target price on shares of TJX Companies from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $57.43.

In other TJX Companies news, Director Amy B. Lane sold 1,625 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $54.00, for a total value of $87,750.00. Following the completion of the sale, the director now directly owns 27,842 shares in the company, valued at $1,503,468. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Scott Goldenberg sold 37,248 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $53.90, for a total transaction of $2,007,667.20. Following the completion of the sale, the chief financial officer now owns 195,712 shares of the company’s stock, valued at $10,548,876.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,353 shares of company stock valued at $6,915,105. 0.18% of the stock is owned by insiders.

Shares of NYSE TJX traded down $0.20 during midday trading on Wednesday, reaching $52.85. 4,384,991 shares of the company’s stock traded hands, compared to its average volume of 6,129,095. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.46 and a current ratio of 1.23. The stock’s 50 day moving average is $52.40. TJX Companies Inc has a one year low of $41.49 and a one year high of $56.64. The stock has a market cap of $64.00 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 1.84 and a beta of 0.72.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 annualized dividend and a yield of 1.74%. TJX Companies’s dividend payout ratio (DPR) is 43.60%.

TJX Companies declared that its board has initiated a share buyback program on Wednesday, February 27th that authorizes the company to repurchase $2.25 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to buy up to 3.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.

Further Reading: Risk Tolerance

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

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply