Cambridge Financial Group Inc. Has $6.01 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Cambridge Financial Group Inc. reduced its position in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 8.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 99,256 shares of the apparel and home fashions retailer’s stock after selling 9,365 shares during the period. TJX Companies accounts for 2.7% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 27th biggest holding. Cambridge Financial Group Inc.’s holdings in TJX Companies were worth $6,013,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Winch Advisory Services LLC increased its stake in shares of TJX Companies by 413.3% in the 4th quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashions retailer’s stock valued at $29,000 after buying an additional 310 shares during the period. Sandy Cove Advisors LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at $30,000. Intelligent Financial Strategies bought a new position in shares of TJX Companies in the 4th quarter worth $30,000. West Bancorporation Inc. bought a new position in shares of TJX Companies in the 4th quarter worth $34,000. Finally, Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of TJX Companies in the 4th quarter worth $38,000. 91.45% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE TJX traded down $0.46 during trading on Friday, reaching $62.82. 2,640,553 shares of the company’s stock were exchanged, compared to its average volume of 5,412,396. The business has a 50 day moving average price of $60.02 and a 200-day moving average price of $62.38. The stock has a market capitalization of $73.60 billion, a P/E ratio of 22.84, a PEG ratio of 1.92 and a beta of 0.92. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.25 and a quick ratio of 0.55. The TJX Companies, Inc. has a fifty-two week low of $53.69 and a fifty-two week high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last issued its quarterly earnings data on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. The company had revenue of $11.41 billion during the quarter, compared to analysts’ expectations of $11.58 billion. TJX Companies had a return on equity of 61.28% and a net margin of 6.69%. The business’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 3.13 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Wednesday, August 10th. TJX Companies’s dividend payout ratio (DPR) is currently 42.91%.

Insider Activity at TJX Companies

In related news, EVP Kenneth Canestrari sold 35,827 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $61.04, for a total value of $2,186,880.08. Following the completion of the sale, the executive vice president now directly owns 160,899 shares in the company, valued at $9,821,274.96. The sale was disclosed in a filing with the SEC, which is available at this link. In other TJX Companies news, EVP Richard Sherr sold 46,997 shares of the company’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $62.25, for a total transaction of $2,925,563.25. Following the completion of the sale, the executive vice president now directly owns 104,127 shares in the company, valued at $6,481,905.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Canestrari sold 35,827 shares of the company’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $61.04, for a total value of $2,186,880.08. Following the sale, the executive vice president now owns 160,899 shares of the company’s stock, valued at $9,821,274.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,824 shares of company stock worth $6,973,343. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TJX shares. JPMorgan Chase & Co. reduced their price target on TJX Companies from $81.00 to $76.00 in a research report on Monday, May 16th. Robert W. Baird reduced their price target on TJX Companies from $78.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday, May 19th. Morgan Stanley reduced their price target on TJX Companies from $80.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Finally, Barclays lifted their target price on TJX Companies from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, April 13th. Six research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $76.50.

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.

Further Reading

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

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