Park Place Capital Corp Sells 396 Shares of The TJX Companies, Inc. (NYSE:TJX)

Park Place Capital Corp lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 51.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 379 shares of the apparel and home fashions retailer’s stock after selling 396 shares during the quarter. Park Place Capital Corp’s holdings in TJX Companies were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in TJX Companies by 9,270.8% in the 4th quarter. International Assets Investment Management LLC now owns 978,871 shares of the apparel and home fashions retailer’s stock worth $91,828,000 after purchasing an additional 968,425 shares in the last quarter. Allworth Financial LP boosted its stake in TJX Companies by 2.3% in the 4th quarter. Allworth Financial LP now owns 13,960 shares of the apparel and home fashions retailer’s stock worth $1,310,000 after purchasing an additional 309 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in TJX Companies by 79.8% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 44,012 shares of the apparel and home fashions retailer’s stock worth $4,129,000 after purchasing an additional 19,539 shares in the last quarter. Stratos Investment Management LLC acquired a new stake in TJX Companies in the 4th quarter worth approximately $246,000. Finally, Stratos Wealth Partners LTD. lifted its stake in TJX Companies by 2.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 39,481 shares of the apparel and home fashions retailer’s stock valued at $3,704,000 after acquiring an additional 792 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,003 shares of company stock worth $5,060,941. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.5 %

Shares of TJX stock traded down $0.52 on Friday, hitting $113.14. 3,369,928 shares of the stock traded hands, compared to its average volume of 4,355,231. The firm’s 50-day moving average price is $110.03 and its two-hundred day moving average price is $101.79. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The stock has a market capitalization of $127.87 billion, a PE ratio of 28.07, a PEG ratio of 3.02 and a beta of 0.88. The TJX Companies, Inc. has a twelve month low of $85.27 and a twelve month high of $115.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.33%. TJX Companies’s payout ratio is 37.22%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Telsey Advisory Group lifted their price objective on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Morgan Stanley lifted their price objective on shares of TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Barclays lifted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. UBS Group boosted their target price on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, BMO Capital Markets boosted their target price on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $112.67.

TJX Companies Company Profile

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.