Deutsche Bank AG Has $597.85 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Deutsche Bank AG reduced its stake in The TJX Companies, Inc. by 4.0%, selling 206,154 shares, and now holds 4,908,483 shares valued at approximately $597.85 million.
• Insider trading activity included Director Amy B. Lane selling 950 shares for around $121,685, reducing her position by 4.01%.
• Recent earnings showed a profit of $0.92 per share, exceeding analysts' expectations, and the company has announced a quarterly dividend of $0.425 per share.

Deutsche Bank AG reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,908,483 shares of the apparel and home fashions retailer's stock after selling 206,154 shares during the period. Deutsche Bank AG owned about 0.44% of TJX Companies worth $597,853,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TJX. Clear Creek Financial Management LLC raised its holdings in TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after purchasing an additional 83 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after purchasing an additional 86 shares during the period. Amplius Wealth Advisors LLC increased its position in shares of TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after purchasing an additional 93 shares during the period. Aaron Wealth Advisors LLC raised its stake in shares of TJX Companies by 0.7% in the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock worth $1,724,000 after buying an additional 96 shares in the last quarter. Finally, Horizon Wealth Management LLC lifted its holdings in shares of TJX Companies by 2.0% in the first quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock valued at $602,000 after buying an additional 99 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TJX shares. Morgan Stanley set a $140.00 target price on TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. UBS Group reissued a "buy" rating and set a $164.00 target price (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Robert W. Baird increased their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Barclays reissued an "overweight" rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One equities 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's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $141.06.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the business's 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 completion of the sale, the director directly owned 22,712 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Down 0.3%

Shares of TJX stock traded down $0.34 on Friday, hitting $131.64. The company's stock had a trading volume of 4,629,642 shares, compared to its average volume of 4,777,224. The stock has a market capitalization of $147.06 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 3.08 and a beta of 0.89. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The firm's fifty day moving average price is $125.41 and its 200-day moving average price is $124.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

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 for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared 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. This represents a $1.70 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 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.