Baillie Gifford & Co. Sells 27,781 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Baillie Gifford & Co. has reduced its stake in The TJX Companies, Inc. by 22.7%, selling 27,781 shares and leaving it with a total of 94,684 shares valued at approximately $11.5 million.
• Analysts are generally positive on TJX, with a consensus rating of "Buy" and an increased price target of $145.00 from JPMorgan Chase & Co.
• The TJX Companies recently declared a quarterly dividend of $0.425 per share, representing an annualized yield of 1.35% based on its payout ratio of 40%.

Baillie Gifford & Co. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 22.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,684 shares of the apparel and home fashions retailer's stock after selling 27,781 shares during the period. Baillie Gifford & Co.'s holdings in TJX Companies were worth $11,533,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC boosted its holdings in TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies in the 1st quarter worth approximately $37,000. Rialto Wealth Management LLC boosted its stake in shares of TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after purchasing an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC acquired a new stake in shares of TJX Companies during the first quarter worth $52,000. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. Finally, TD Securities increased their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $141.06.

TJX Companies Trading Up 0.0%

NYSE:TJX opened at $126.29 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company has a market cap of $141.07 billion, a PE ratio of 29.71, a PEG ratio of 2.95 and a beta of 0.88. The firm has a 50-day moving average of $125.58 and a 200-day moving average of $124.28.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is currently 40.00%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company's stock.

TJX Companies 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.

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