Dupont Capital Management Corp Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Dupont Capital Management Corp decreased its position in The TJX Companies, Inc. (NYSE:TJXFree Report) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,624 shares of the apparel and home fashions retailer’s stock after selling 8,848 shares during the quarter. Dupont Capital Management Corp’s holdings in TJX Companies were worth $10,096,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in TJX Companies by 0.4% in the third quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock valued at $8,455,660,000 after acquiring an additional 392,783 shares in the last quarter. FMR LLC lifted its holdings in TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock worth $4,622,514,000 after buying an additional 6,036,764 shares during the period. State Street Corp boosted its position in TJX Companies by 4.5% during the 2nd quarter. State Street Corp now owns 46,543,024 shares of the apparel and home fashions retailer’s stock valued at $3,946,383,000 after acquiring an additional 1,990,407 shares in the last quarter. Morgan Stanley grew its holdings in shares of TJX Companies by 88.1% during the 4th quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock worth $2,118,935,000 after acquiring an additional 12,468,119 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of TJX Companies by 1.0% in the 1st quarter. Geode Capital Management LLC now owns 20,891,507 shares of the apparel and home fashions retailer’s stock worth $1,632,900,000 after acquiring an additional 209,152 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling at TJX Companies

In related news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares in the company, valued at approximately $4,968,480.59. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the transaction, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TJX shares. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a research report on Monday, February 5th. BMO Capital Markets raised their target price on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 target price on shares of TJX Companies in a report on Wednesday, February 28th. Finally, UBS Group upped their price target on TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.19.

View Our Latest Stock Analysis on TJX

TJX Companies Trading Down 0.2 %

Shares of TJX stock opened at $99.46 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The company has a market cap of $112.75 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 2.57 and a beta of 0.86. The TJX Companies, Inc. has a 1 year low of $75.65 and a 1 year high of $102.84. The firm has a fifty day moving average price of $97.95 and a 200-day moving average price of $93.11.

TJX Companies (NYSE:TJXGet Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm had revenue of $16.41 billion during the quarter, compared to analysts’ expectations of $16.20 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.06 earnings per share for the current year.

TJX Companies announced that its Board of Directors has authorized a share repurchase plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.51%. TJX Companies’s dividend payout ratio is currently 34.46%.

TJX Companies Company Profile

(Free Report)

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.

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

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