Bessemer Group Inc. Trims Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Bessemer Group Inc. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 34.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 74,287 shares of the apparel and home fashions retailer's stock after selling 38,911 shares during the period. Bessemer Group Inc.'s holdings in TJX Companies were worth $9,047,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aurora Private Wealth Inc. acquired a new position in shares of TJX Companies in the first quarter valued at approximately $8,664,000. Lecap Asset Management Ltd. acquired a new position in shares of TJX Companies in the first quarter valued at approximately $706,000. Global Assets Advisory LLC acquired a new position in shares of TJX Companies in the first quarter valued at approximately $488,000. Archford Capital Strategies LLC acquired a new position in shares of TJX Companies in the first quarter valued at approximately $4,071,000. Finally, Strategic Investment Advisors MI grew its holdings in shares of TJX Companies by 3.2% in the first quarter. Strategic Investment Advisors MI now owns 10,085 shares of the apparel and home fashions retailer's stock valued at $1,228,000 after purchasing an additional 311 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. UBS Group reaffirmed a "buy" rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their price target on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $141.53.

TJX Companies Stock Performance

Shares of TJX opened at $122.35 on Friday. The company has a 50-day simple moving average of $127.30 and a 200-day simple moving average of $124.05. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $136.68 billion, a PE ratio of 28.79, a P/E/G ratio of 2.90 and a beta of 0.90. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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 net margin of 8.47% and a return on equity of 58.81%. The business's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

About TJX Companies

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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