The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Davis R M Inc.

Key Points

• Davis R M Inc. has reduced its stake in TJX Companies by 0.8%, now holding 679,068 shares worth approximately $82.71 million, making it the firm's 17th largest holding.
• Several analysts have recently upgraded TJX Companies, with price targets increased to as much as $150, indicating a positive outlook on the stock's performance.
• The firm reported $0.92 earnings per share for the last quarter, surpassing expectations, with a year-over-year revenue increase of 5.1% to $13.11 billion.

Davis R M Inc. cut its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 679,068 shares of the apparel and home fashions retailer's stock after selling 5,297 shares during the quarter. TJX Companies makes up approximately 1.7% of Davis R M Inc.'s investment portfolio, making the stock its 17th largest holding. Davis R M Inc. owned about 0.06% of TJX Companies worth $82,711,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after acquiring an additional 2,266,415 shares in the last quarter. Northern Trust Corp boosted its position in TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after buying an additional 1,845,225 shares during the last quarter. Royal Bank of Canada boosted its position in TJX Companies by 12.9% in the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after buying an additional 1,403,561 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in TJX Companies by 65.8% in the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock valued at $399,790,000 after buying an additional 1,302,845 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

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

Analysts Set New Price Targets

A number of brokerages recently commented on TJX. UBS Group reiterated a "buy" rating and issued a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Robert W. Baird upped their price objective on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $141.06.

TJX Companies Price Performance

TJX traded up $1.36 during midday trading on Friday, hitting $125.89. 4,855,347 shares of the company traded hands, compared to its average volume of 4,410,306. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $140.63 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.90 and a beta of 0.88. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The business has a 50 day simple moving average of $125.01 and a two-hundred day simple moving average of $124.45.

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.4%. TJX Companies's dividend payout ratio (DPR) is 40.00%.

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.