Credit Agricole S A Sells 7,547 Shares of The TJX Companies, Inc. $TJX

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Credit Agricole S A reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 599,832 shares of the apparel and home fashions retailer's stock after selling 7,547 shares during the quarter. Credit Agricole S A owned about 0.05% of TJX Companies worth $73,060,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Groupama Asset Managment boosted its position in shares of TJX Companies by 12.1% in the first quarter. Groupama Asset Managment now owns 473,635 shares of the apparel and home fashions retailer's stock valued at $55,988,000 after acquiring an additional 51,248 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its position in TJX Companies by 0.4% during the first quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,941 shares of the apparel and home fashions retailer's stock valued at $10,468,000 after purchasing an additional 381 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in TJX Companies by 3.7% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 613,411 shares of the apparel and home fashions retailer's stock valued at $74,713,000 after purchasing an additional 21,631 shares during the last quarter. Nan Shan Life Insurance Co. Ltd. lifted its position in TJX Companies by 19.4% during the first quarter. Nan Shan Life Insurance Co. Ltd. now owns 127,902 shares of the apparel and home fashions retailer's stock valued at $15,578,000 after purchasing an additional 20,810 shares during the last quarter. Finally, Colonial Trust Advisors lifted its position in TJX Companies by 1.4% during the first quarter. Colonial Trust Advisors now owns 82,433 shares of the apparel and home fashions retailer's stock valued at $10,040,000 after purchasing an additional 1,146 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Up 0.4%

Shares of NYSE TJX opened at $133.09 on Tuesday. 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 TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $135.85. The firm's fifty day moving average is $126.05 and its 200 day moving average is $125.16. The company has a market cap of $148.67 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 3.09 and a beta of 0.89.

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

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is presently 40.00%.

Insider Activity at TJX Companies

In related 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 value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TJX shares. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $150.00 target price on shares of TJX Companies in a research report on Wednesday, August 13th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, TD Securities lifted their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of "Buy" and a consensus price target of $141.33.

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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