TD Asset Management Inc. reduced its stake in shares of TJX Companies Inc (NYSE:TJX) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,301,856 shares of the apparel and home fashions retailer’s stock after selling 193,009 shares during the quarter. TD Asset Management Inc. owned 0.35% of TJX Companies worth $227,482,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of TJX Companies by 4.0% in the first quarter. FMR LLC now owns 53,531,356 shares of the apparel and home fashions retailer’s stock valued at $2,848,403,000 after buying an additional 2,052,931 shares in the last quarter. Northern Trust Corp increased its stake in shares of TJX Companies by 2.4% in the first quarter. Northern Trust Corp now owns 18,119,245 shares of the apparel and home fashions retailer’s stock valued at $964,125,000 after buying an additional 428,865 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of TJX Companies by 115.8% in the fourth quarter. Geode Capital Management LLC now owns 17,734,026 shares of the apparel and home fashions retailer’s stock valued at $792,161,000 after buying an additional 9,515,682 shares in the last quarter. Fiera Capital Corp increased its position in TJX Companies by 5.3% in the first quarter. Fiera Capital Corp now owns 12,587,070 shares of the apparel and home fashions retailer’s stock worth $669,759,000 after purchasing an additional 638,947 shares during the period. Finally, Wells Fargo & Company MN increased its position in TJX Companies by 0.6% in the first quarter. Wells Fargo & Company MN now owns 11,285,780 shares of the apparel and home fashions retailer’s stock worth $600,516,000 after purchasing an additional 67,636 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.
In other news, EVP Richard Sherr sold 1,480 shares of the business’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $51.35, for a total transaction of $75,998.00. Following the transaction, the executive vice president now directly owns 117,228 shares of the company’s stock, valued at $6,019,657.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David T. Ching sold 20,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the transaction, the director now directly owns 28,771 shares in the company, valued at $1,501,846.20. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.
TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The business had revenue of $9.28 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the previous year, the company posted $1.13 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts anticipate that TJX Companies Inc will post 2.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.72%. TJX Companies’s payout ratio is currently 43.60%.
TJX has been the subject of a number of research reports. Cowen set a $63.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Tuesday, June 4th. Nomura lifted their price objective on TJX Companies from $57.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. MKM Partners lifted their price objective on TJX Companies to $62.00 in a research report on Thursday, May 23rd. Robert W. Baird initiated coverage on TJX Companies in a research report on Monday, May 13th. They issued an “outperform” rating and a $63.00 price objective for the company. Finally, ValuEngine lowered TJX Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $58.34.
TJX Companies Profile
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.
Further Reading: How interest rates affect municipal bond prices
Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.