Cognios Capital LLC Has $2.31 Million Holdings in TJX Companies Inc (NYSE:TJX)

Cognios Capital LLC reduced its stake in TJX Companies Inc (NYSE:TJX) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 43,379 shares of the apparel and home fashions retailer’s stock after selling 3,037 shares during the quarter. Cognios Capital LLC’s holdings in TJX Companies were worth $2,308,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of TJX Companies by 113.3% in the fourth quarter. BlackRock Inc. now owns 90,260,028 shares of the apparel and home fashions retailer’s stock worth $4,038,232,000 after acquiring an additional 47,939,993 shares during the last quarter. FMR LLC raised its holdings in shares of TJX Companies by 106.0% in the fourth quarter. FMR LLC now owns 51,478,425 shares of the apparel and home fashions retailer’s stock worth $2,303,144,000 after acquiring an additional 26,485,840 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of TJX Companies by 1.2% in the third 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 acquiring an additional 593,647 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of TJX Companies by 77.9% in the fourth quarter. Bank of New York Mellon Corp now owns 33,050,653 shares of the apparel and home fashions retailer’s stock worth $1,478,686,000 after acquiring an additional 14,469,980 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of TJX Companies by 13,963.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 26,176,882 shares of the apparel and home fashions retailer’s stock worth $585,000 after acquiring an additional 25,990,744 shares during the last quarter. Institutional investors own 89.13% of the company’s stock.

In other news, Director David T. Ching sold 20,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was 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 of the company’s stock, valued at $1,501,846.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott Goldenberg sold 37,248 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $53.90, for a total value of $2,007,667.20. Following the completion of the sale, the chief financial officer now directly owns 195,712 shares of the company’s stock, valued at approximately $10,548,876.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,978 shares of company stock valued at $7,001,230. 0.18% of the stock is owned by company insiders.

TJX stock opened at $52.13 on Thursday. TJX Companies Inc has a 12-month low of $41.49 and a 12-month high of $56.64. 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 stock has a market cap of $63.06 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 1.82 and a beta of 0.72.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter in the previous year, the business earned $1.13 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, research analysts anticipate that TJX Companies Inc will post 2.62 earnings per share for the current year.

TJX Companies announced that its Board of Directors has authorized a stock 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 a sign that the company’s board of directors believes its shares are undervalued.

The company 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 dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.

A number of equities analysts have recently weighed in on TJX shares. Loop Capital boosted their price target on TJX Companies from $47.00 to $50.00 and gave the stock a “hold” rating in a report on Wednesday, February 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $62.00 price target (up from $56.00) on shares of TJX Companies in a report on Thursday, February 28th. MKM Partners boosted their price target on TJX Companies from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, February 28th. Morgan Stanley boosted their price target on TJX Companies from $56.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. Finally, Credit Suisse Group boosted their price target on TJX Companies from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $56.46.

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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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