Gulf International Bank UK Ltd Has $7.84 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Gulf International Bank UK Ltd reduced its holdings in The TJX Companies, Inc. by 26.1% in Q1, now owning 64,347 shares valued at approximately $7.84 million.
• The TJX Companies announced a quarterly dividend of $0.425 per share, with a dividend yield of 1.3% and a payout ratio of 40%.
• Analysts have set a consensus target price of $141.06 for TJX Companies, indicating a generally positive outlook with multiple "buy" ratings reported.

Gulf International Bank UK Ltd cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 26.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,347 shares of the apparel and home fashions retailer's stock after selling 22,732 shares during the quarter. Gulf International Bank UK Ltd's holdings in TJX Companies were worth $7,837,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 1.1% during the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after buying an additional 1,099,129 shares during the last quarter. Capital International Investors lifted its holdings in shares of TJX Companies by 4.5% during 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 buying an additional 626,739 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of TJX Companies by 15.2% during 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 buying an additional 1,845,225 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after buying an additional 1,403,561 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of TJX Companies during the first quarter worth approximately $1,330,717,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX Companies stock opened at $133.47 on Wednesday. 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 stock has a fifty day moving average price of $125.60 and a two-hundred day moving average price of $124.93. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The firm has a market capitalization of $149.10 billion, a P/E ratio of 31.40, a P/E/G ratio of 3.09 and a beta of 0.89.

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

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 dividend yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TJX shares. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Macquarie restated a "buy" rating on shares of TJX Companies in a research note on Monday. Finally, Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $141.06.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company's stock.

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.

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