Federated Hermes Inc. Reduces Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Federated Hermes Inc. reduced its position in The TJX Companies by 6.2%, owning approximately 1.2 million shares after selling nearly 79,000 shares in the first quarter.
• The TJX Companies reported a quarterly revenue of $13.11 billion, exceeding analysts' expectations of $13.01 billion, alongside an EPS of $0.92.
• The company has announced a quarterly dividend of $0.425, with a dividend yield of 1.36%, to be paid to stockholders on September 4th.

Federated Hermes Inc. cut its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,203,835 shares of the apparel and home fashions retailer's stock after selling 78,989 shares during the period. Federated Hermes Inc. owned 0.11% of TJX Companies worth $146,627,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. TCTC Holdings LLC increased its position in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in shares of TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC increased its position in shares of TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies in the 1st quarter valued at $37,000. Finally, Rialto Wealth Management LLC grew its position in shares of TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after buying an additional 179 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.9%

TJX stock opened at $125.28 on Tuesday. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The stock has a market capitalization of $139.95 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. 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 company has a fifty day moving average of $125.39 and a 200-day moving average of $124.35.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter last year, the business earned $0.93 EPS. The business's revenue was up 5.1% on a year-over-year basis. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 1.36%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm'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 owned 22,712 shares in the company, valued at approximately $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 this hyperlink. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price on the stock. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $141.06.

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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