The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 918,711 shares of the apparel and home fashions retailer's stock after selling 32,318 shares during the period. Fifth Third Bancorp owned about 0.08% of TJX Companies worth $111,899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of TJX Companies by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock worth $11,998,201,000 after purchasing an additional 578,948 shares during the period. Geode Capital Management LLC increased its holdings in TJX Companies by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after buying an additional 464,995 shares in the last quarter. Capital International Investors raised its position in shares of TJX Companies by 4.5% in the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after acquiring an additional 626,739 shares during the period. Northern Trust Corp raised its position 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 worth $1,689,628,000 after acquiring an additional 1,845,225 shares during the period. Finally, Norges Bank purchased a new stake in shares of TJX Companies during the 4th quarter worth about $1,670,565,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 0.9%

TJX Companies stock traded down $1.14 during midday trading on Friday, hitting $123.32. 1,992,950 shares of the stock were exchanged, compared to its average volume of 5,201,751. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $137.76 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 2.75 and a beta of 0.90. The stock's 50-day simple moving average is $127.83 and its 200 day simple moving average is $124.22. The TJX Companies, Inc. has a fifty-two week low of $106.89 and a fifty-two week 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter last year, the firm earned $0.93 EPS. The business's revenue was up 5.1% compared to the same quarter last year. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TJX shares. Robert W. Baird lifted their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Finally, Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, TJX Companies has an average rating of "Moderate Buy" and an average target price of $141.53.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies 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 transaction, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.