Korea Investment CORP Sells 564 Shares of The TJX Companies, Inc. $TJX

by · The Cerbat Gem

Korea Investment CORP trimmed its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,047,421 shares of the apparel and home fashions retailer’s stock after selling 564 shares during the quarter. Korea Investment CORP’s holdings in TJX Companies were worth $127,576,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TJX. Brighton Jones LLC increased its stake in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after purchasing an additional 235 shares in the last quarter. Capital International Sarl boosted its stake in shares of TJX Companies by 30.0% in the 4th quarter. Capital International Sarl now owns 6,744 shares of the apparel and home fashions retailer’s stock valued at $815,000 after purchasing an additional 1,555 shares in the last quarter. Freedom Investment Management Inc. boosted its stake in shares of TJX Companies by 5.0% in the 4th quarter. Freedom Investment Management Inc. now owns 5,208 shares of the apparel and home fashions retailer’s stock valued at $629,000 after purchasing an additional 250 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock valued at $313,512,000 after purchasing an additional 2,266,415 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Macquarie restated a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. Cowen restated a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. Daiwa America upgraded shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $141.33.

Read Our Latest Stock Analysis on TJX

TJX Companies Stock Performance

NYSE:TJX opened at $132.58 on Monday. The company has a fifty day moving average of $125.91 and a 200-day moving average of $125.10. The firm has a market capitalization of $148.11 billion, a P/E ratio of 31.20, a P/E/G ratio of 3.09 and a beta of 0.89. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a twelve month low of $110.96 and a twelve month high of $135.85.

TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. TJX Companies’s payout ratio is currently 40.00%.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Company Profile

(Free Report)

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.

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