Headlands Technologies LLC Sells 9,644 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Headlands Technologies LLC significantly reduced its stake in The TJX Companies by 92.5%, selling 9,644 shares and bringing its total holdings to 778 shares valued at $95,000.
• Several institutional investors increased their positions in TJX Companies during the same quarter, with 91.09% of the stock now owned by institutional investors.
• TJX Companies reported stronger-than-expected earnings per share of $0.92 for the latest quarter, surpassing analyst estimates and showing a 5.1% increase in year-over-year revenue.

Headlands Technologies LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 92.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 778 shares of the apparel and home fashions retailer's stock after selling 9,644 shares during the period. Headlands Technologies LLC's holdings in TJX Companies were worth $95,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Foster Dykema Cabot & Partners LLC raised its stake in TJX Companies by 4.9% during the 1st quarter. Foster Dykema Cabot & Partners LLC now owns 6,994 shares of the apparel and home fashions retailer's stock worth $852,000 after buying an additional 328 shares during the period. Chicago Partners Investment Group LLC raised its stake in TJX Companies by 75.4% during the 1st quarter. Chicago Partners Investment Group LLC now owns 4,367 shares of the apparel and home fashions retailer's stock worth $562,000 after buying an additional 1,877 shares during the period. Charles Schwab Investment Management Inc. raised its stake in TJX Companies by 0.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,960,105 shares of the apparel and home fashions retailer's stock worth $847,741,000 after buying an additional 62,171 shares during the period. ASR Vermogensbeheer N.V. acquired a new stake in TJX Companies during the 1st quarter worth $48,610,000. Finally, Fi3 FINANCIAL ADVISORS LLC raised its stake in TJX Companies by 14.9% during the 1st quarter. Fi3 FINANCIAL ADVISORS LLC now owns 2,771 shares of the apparel and home fashions retailer's stock worth $337,000 after buying an additional 360 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

Shares of NYSE TJX opened at $132.39 on Tuesday. The business's 50 day moving average price is $125.50 and its two-hundred day moving average price is $124.87. The company has a market cap of $147.89 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued 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 analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Macquarie restated a "buy" rating on shares of TJX Companies in a report on Monday. TD Securities boosted their price target on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Barclays restated an "overweight" rating and issued a $147.00 price target (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Morgan Stanley set a $140.00 price target on TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, TJX Companies has a consensus rating of "Buy" and an average price target of $141.06.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

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.

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