On July 17, 2023, Dupont Capital Management Corp revealed that it has increased its ownership in The TJX Companies, Inc. (NYSE:TJX) by 3.6% during the first quarter of the year. According to their filing with the Securities and Exchange Commission (SEC), the investment management firm now holds 251,344 shares of the renowned apparel and home fashions retailer’s stock. This acquisition encompasses an additional 8,788 shares accumulated over the course of the quarter.
In terms of Dupont Capital Management Corp’s investment portfolio, TJX Companies accounts for approximately 0.9%, ranking it as their 24th largest holding. As of the most recent filing with the SEC, these shares were valued at $19,695,000.
Adding to this development is TJX Companies’ recent announcement regarding a quarterly dividend payout scheduled for Thursday, August 31st. Shareholders recorded on Thursday, August 10th will receive a dividend amounting to $0.3325 per share. However, those who purchase shares after Wednesday, August 9th will not be eligible for this dividend payment. With an annualized dividend worth $1.33 per share and a yield of 1.57%, TJX Companies’ dividend payout ratio stands at a commendable 40.92%.
Insider trading within The TJX Companies has also emerged in recent news headlines as EVP Scott Goldenberg conducted a significant sell-off on Thursday, May 18th. During this transaction, Goldenberg divested himself of 26,271 shares at an average price of $78.91 per share – amassing a total transaction value of $2,073,044.61. Following this sale, he now possesses direct ownership over 72,580 shares within the company with an estimated value of approximately $5,727,287.80.
As required by regulations set forth by the SEC, this sale was duly submitted and disclosed in a document accessible through the SEC website. It is noteworthy to mention that company insiders currently hold a mere 0.13% of The TJX Companies’ stock.
Overall, these recent developments in the financial landscape of The TJX Companies conveys a high level of interest from firms such as Dupont Capital Management Corp. With an increase in their stake, alongside other significant activities, investors and shareholders alike must closely monitor future updates and assess how these events may impact the company’s standing within the market.
The TJX Companies, Inc.
Updated on: 02/03/2024
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
ROE: Strong Buy
We did not find social sentiment data for this stock
|Analyst / firm
Telsey Advisory Telsey Advisory
|Cowen & Co.
Positive Sentiment and Growing Interest from Institutional Investors Drive Confidence in TJX Companies’ Performance and Future Growth
The TJX Companies, Inc. (NYSE: TJX), a leading retailer of apparel and home fashions, has recently seen increased interest from institutional investors. Moneta Group Investment Advisors LLC, for instance, boosted its holdings in the company by an astounding 90,089.8% during the fourth quarter of last year. This resulted in the acquisition of an additional 19,766,602 shares, bringing their total stake to 19,788,543 shares valued at $1,575,168,000.
Another notable investor is Morgan Stanley which raised its position in TJX Companies by 88.1% during the same period. Their holdings now amount to 26,619,778 shares valued at $2,118,935,000 after acquiring an additional 12,468,119 shares.
Norges Bank also joined the ranks of institutional investors with regards to TJX Companies. The Norwegian sovereign wealth fund purchased a new position valued at approximately $891,631,000 during the fourth quarter of last year.
Furthermore, Ontario Teachers Pension Plan Board entered as a new investor in TJX Companies during the first quarter of this year with a position worth around $408,331,000.
CIBC Private Wealth Group LLC increased its position in TJX Companies by 146.5% during the fourth quarter of last year as well. Their current holdings amount to 8,469,970 shares valued at $672,9440 after purchasing an additional 5.033 million shares.
In total , hedge funds and other institutional investors now own roughly 92.26% of the stock.
The growing interest from these institutional investors reflects positive sentiment surrounding TJX Companies within the investment community. Several research analysts have also provided favorable ratings on the company’s performance and future prospects.
Piper Sandler initiated coverage on TJX Companies with an “overweight” rating and set a price target of $110.00. Similarly, Morgan Stanley increased their price target on the stock from $90.00 to $93.00.
Loop Capital raised its rating on TJX Companies from a “hold” to a “buy” and adjusted their price target from $75.00 to $95.00.
Barclays also raised its price target on TJX Companies, increasing it from $93.00 to $95.00 while maintaining an “overweight” rating for the stock.
In addition, StockNews.com gave TJX Companies a “buy” rating.
Overall, out of the total number of analysts covering the stock, two have rated it as a hold while sixteen consider it a buy. According to Bloomberg data, TJX Companies currently carries an average rating of “Moderate Buy” with a consensus price target of approximately $89.75.
Aside from the positive sentiment displayed by investors and analysts, TJX Companies has recently announced a quarterly dividend payment that will be made on Thursday, August 31st. Shareholders of record as of Thursday, August 10th will receive a dividend of $0.3325 per share. The ex-dividend date is set for Wednesday, August 9th.
This translates to an annualized dividend of $1.33 and a yield of 1.57%. The company’s dividend payout ratio stands at 40.92%.
On Monday, shares of TJX opened at $84.92 which indicates stability in the market value performance.
The company’s 50-day moving average sits at $80.38 and its 200-day moving average is recorded at $79.21.
TJX has demonstrated solid financial health with a quick ratio of 0.58 and a current ratio of 1.20 reflecting good liquidity levels.
Furthermore, it maintains low debt levels with its debt-to-equity ratio standing at 0.45.
Over the past twelve months, TJX Companies has experienced a trading range from a low of $59.39 to a high of $86.43.
The company reported its earnings results on Wednesday, May 17th and exceeded expectations with an EPS of $0.76 for the quarter, surpassing the consensus estimate by $0.05.
TJX Companies also demonstrated an impressive return on equity of 62.78% and a net margin of 7.56%.
In terms of revenue, the company posted $11.78 billion for the quarter, slightly lower than the consensus estimate of $11.82 billion.
Nevertheless, this indicated growth compared to the same period in the previous year as TJX Companies reported a revenue increase of 3.3%.
Analysts forecast that The TJX Companies, Inc. will post an EPS of 3.56 for the current fiscal year based on historical data and market trends.
The interest shown by institutional investors and favorable ratings from research analysts highlight growing confidence in TJX Companies’ performance and potential for future growth. With solid financials and optimistic market sentiment, the company appears well positioned to continue delivering value to its shareholders in the coming years.