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Hall Capital Management Co. Inc. Sells 2,037 Shares of The TJX Companies, Inc. (NYSE:TJX)

Financial News Live · Sep 26, 2022 17:31

Hall Capital Management Co. Inc. trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX – Get Rating) by 10.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,432 shares of the apparel and home fashions retailer's stock after selling 2,037 shares during the quarter. Hall Capital Management Co. Inc.'s holdings in TJX Companies were worth $974,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of TJX Companies by 0.3% in the first quarter. Vanguard Group Inc. now owns 90,135,403 shares of the apparel and home fashions retailer's stock valued at $5,460,403,000 after acquiring an additional 277,362 shares during the period. Wellington Management Group LLP boosted its holdings in TJX Companies by 1.5% in the 1st quarter. Wellington Management Group LLP now owns 84,916,301 shares of the apparel and home fashions retailer's stock valued at $5,144,230,000 after purchasing an additional 1,274,413 shares during the period. Bank of America Corp DE grew its position in shares of TJX Companies by 2.9% during the 1st quarter. Bank of America Corp DE now owns 22,622,988 shares of the apparel and home fashions retailer's stock valued at $1,370,502,000 after purchasing an additional 634,718 shares in the last quarter. Norges Bank bought a new position in shares of TJX Companies in the fourth quarter worth $827,082,000. Finally, Capital International Investors raised its position in shares of TJX Companies by 67.8% in the first quarter. Capital International Investors now owns 10,700,425 shares of the apparel and home fashions retailer's stock worth $648,232,000 after buying an additional 4,324,443 shares in the last quarter. Hedge funds and other institutional investors own 90.42% of the company's stock.

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Wall Street Analysts Forecast Growth

TJX has been the subject of several recent analyst reports. Cowen boosted their target price on TJX Companies from $72.00 to $77.00 and gave the stock an "outperform" rating in a research report on Thursday, August 18th. StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Thursday, July 28th. Morgan Stanley boosted their price target on shares of TJX Companies from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, August 18th. William Blair restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, August 17th. Finally, The Goldman Sachs Group initiated coverage on TJX Companies in a report on Tuesday, August 2nd. They issued a "neutral" rating and a $70.00 price objective for the company. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $74.94.

TJX Companies Trading Down 1.6 %

TJX traded down $0.96 during midday trading on Monday, reaching $60.31. 5,067,710 shares of the company's stock traded hands, compared to its average volume of 6,696,748. The TJX Companies, Inc. has a 52 week low of $53.69 and a 52 week high of $77.35. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.17 and a quick ratio of 0.47. The firm has a fifty day moving average of $63.82 and a two-hundred day moving average of $61.66. The stock has a market capitalization of $70.02 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 1.88 and a beta of 0.90.

TJX Companies (NYSE:TJX – Get Rating) last announced its earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.02. The company had revenue of $11.84 billion during the quarter, compared to the consensus estimate of $12.05 billion. TJX Companies had a return on equity of 61.19% and a net margin of 6.77%. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 earnings per share. On average, equities analysts anticipate that The TJX Companies, Inc. will post 3.11 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Wednesday, November 9th. TJX Companies's dividend payout ratio is currently 42.14%.

Insider Activity

In other TJX Companies news, EVP Louise Greenlees sold 8,822 shares of the firm's stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total transaction of $599,896.00. Following the completion of the transaction, the executive vice president now owns 58,335 shares of the company's stock, valued at $3,966,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Louise Greenlees sold 8,822 shares of the company's stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total value of $599,896.00. Following the sale, the executive vice president now owns 58,335 shares in the company, valued at approximately $3,966,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 50,282 shares of TJX Companies stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $65.90, for a total value of $3,313,583.80. Following the transaction, the chief executive officer now owns 696,439 shares of the company's stock, valued at approximately $45,895,330.10. The disclosure for this sale can be found here. Insiders sold a total of 146,375 shares of company stock worth $9,821,034 in the last quarter. 0.19% of the stock is owned by company insiders.

TJX Companies Company Profile

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The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.