Dupont Capital Management Corp Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Dupont Capital Management Corp decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 36.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,077 shares of the apparel and home fashions retailer's stock after selling 43,971 shares during the quarter. Dupont Capital Management Corp's holdings in TJX Companies were worth $9,510,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new position in TJX Companies in the 4th quarter valued at approximately $1,670,565,000. Raymond James Financial Inc. acquired a new stake in TJX Companies in the fourth quarter valued at $570,342,000. GAMMA Investing LLC increased its holdings in 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 raised its position in TJX Companies by 689.6% during the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after purchasing an additional 2,266,415 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after buying an additional 1,845,225 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the business'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 transaction, the director now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.7%

Shares of NYSE TJX traded up $0.81 during mid-day trading on Friday, reaching $123.35. 6,729,044 shares of the company's stock traded hands, compared to its average volume of 5,187,178. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The business has a 50-day simple moving average of $127.66 and a 200 day simple moving average of $124.10. The stock has a market cap of $137.80 billion, a P/E ratio of 29.02, a PEG ratio of 2.92 and a beta of 0.90. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year 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 for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. On average, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 1.38%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Loop Capital set a $150.00 price target on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $141.53.

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.