Envestnet Asset Management Inc. Boosts Position in The TJX Companies, Inc. (NYSE:TJX)

Envestnet Asset Management Inc. increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 11.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,037,229 shares of the apparel and home fashions retailer’s stock after acquiring an additional 107,694 shares during the quarter. Envestnet Asset Management Inc.’s holdings in The TJX Companies were worth $68,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the stock. Jennison Associates LLC raised its holdings in The TJX Companies by 152,536.5% in the 4th quarter. Jennison Associates LLC now owns 15,352,184 shares of the apparel and home fashions retailer’s stock worth $1,048,401,000 after purchasing an additional 15,342,126 shares in the last quarter. Norges Bank bought a new position in The TJX Companies in the fourth quarter worth about $870,385,000. Price T Rowe Associates Inc. MD lifted its holdings in The TJX Companies by 45.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,623,217 shares of the apparel and home fashions retailer’s stock worth $1,476,649,000 after buying an additional 6,706,718 shares during the period. FMR LLC boosted its position in The TJX Companies by 19.6% during the 4th quarter. FMR LLC now owns 26,414,339 shares of the apparel and home fashions retailer’s stock valued at $1,803,835,000 after acquiring an additional 4,330,736 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in shares of The TJX Companies by 67.2% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 7,893,542 shares of the apparel and home fashions retailer’s stock worth $539,047,000 after acquiring an additional 3,173,259 shares during the period. Institutional investors and hedge funds own 88.81% of the company’s stock.

Several equities research analysts recently weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of The TJX Companies in a research note on Wednesday, March 24th. Gordon Haskett reaffirmed a “hold” rating and issued a $68.00 target price (down from $76.00) on shares of The TJX Companies in a research report on Wednesday, March 3rd. Royal Bank of Canada began coverage on shares of The TJX Companies in a research report on Friday, April 23rd. They set an “outperform” rating and a $78.00 price target for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The TJX Companies from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, February 25th. Finally, Zacks Investment Research upgraded shares of The TJX Companies from a “strong sell” rating to a “hold” rating and set a $73.00 target price for the company in a report on Tuesday, April 27th. Five analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $69.92.

In related news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction on Tuesday, March 9th. The shares were sold at an average price of $66.78, for a total value of $100,170.00. Following the completion of the transaction, the director now owns 28,311 shares of the company’s stock, valued at approximately $1,890,608.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Sherr sold 40,253 shares of the firm’s stock in a transaction dated Tuesday, April 13th. The shares were sold at an average price of $68.84, for a total value of $2,771,016.52. Following the sale, the executive vice president now directly owns 97,491 shares in the company, valued at $6,711,280.44. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

TJX opened at $72.43 on Monday. The stock has a market capitalization of $87.35 billion, a price-to-earnings ratio of 120.72, a PEG ratio of 14.77 and a beta of 0.93. The firm has a 50 day moving average price of $69.26 and a 200-day moving average price of $65.97. The TJX Companies, Inc. has a twelve month low of $43.53 and a twelve month high of $74.65. The company has a quick ratio of 0.99, a current ratio of 1.41 and a debt-to-equity ratio of 0.98.

The TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, February 23rd. The apparel and home fashions retailer reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.12). The TJX Companies had a net margin of 2.24% and a return on equity of 14.34%. The company had revenue of $10.94 billion for the quarter, compared to analysts’ expectations of $11.42 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. As a group, analysts expect that The TJX Companies, Inc. will post 0.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 3rd. Shareholders of record on Thursday, May 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.44%. The ex-dividend date is Wednesday, May 12th. The TJX Companies’s dividend payout ratio is presently 38.95%.

The TJX Companies Company Profile

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; fine jewelry and accessories; and other merchandise.

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

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