The TJX Companies, Inc. (NYSE:TJX) Position Cut by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,797 shares of the apparel and home fashions retailer's stock after selling 2,833 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in TJX Companies were worth $3,386,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of TJX. Brighton Jones LLC boosted its holdings in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after purchasing an additional 235 shares in the last quarter. Bogart Wealth LLC purchased a new stake in TJX Companies during the 4th quarter worth approximately $25,000. Congress Asset Management Co. boosted its position in TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after buying an additional 13,036 shares during the period. Finally, TigerOak Management L.L.C. acquired a new position in shares of TJX Companies in the fourth quarter worth $1,501,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Up 0.3%

Shares of NYSE:TJX traded up $0.36 during midday trading on Monday, reaching $124.27. The company's stock had a trading volume of 4,929,912 shares, compared to its average volume of 5,211,447. The business has a 50 day moving average price of $127.91 and a 200 day moving average price of $124.17. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The firm has a market cap of $138.83 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The business's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now directly owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Telsey Advisory Group restated an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Robert W. Baird increased their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $141.53.

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.