Diversified Trust Co Decreases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Diversified Trust Co cut its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,122 shares of the apparel and home fashions retailer's stock after selling 3,773 shares during the quarter. Diversified Trust Co's holdings in TJX Companies were worth $2,451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TJX. Norges Bank purchased a new position in shares of TJX Companies in the fourth quarter valued at $1,670,565,000. Raymond James Financial Inc. purchased a new position in shares of TJX Companies in the fourth quarter valued at $570,342,000. GAMMA Investing LLC boosted its stake in shares of TJX Companies by 14,486.1% in 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 purchasing an additional 2,892,151 shares during the period. Capital Research Global Investors boosted its stake in shares of TJX Companies by 689.6% in 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 purchasing an additional 2,266,415 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of 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 purchasing an additional 1,845,225 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the subject of several analyst reports. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $141.53.

TJX Companies Trading Up 0.9%

TJX Companies stock opened at $123.27 on Friday. The firm's 50-day moving average is $127.21 and its 200-day moving average is $124.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The company has a market cap of $137.70 billion, a P/E ratio of 29.00, a PEG ratio of 2.89 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 for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter last year, the company earned $0.93 EPS. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.38%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director now owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies 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.

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