Klingman & Associates LLC Has $1.62 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Klingman & Associates LLC decreased its stake in The TJX Companies, Inc. by 17.8%, holding now 13,336 shares worth approximately $1.62 million.
• The company reported $0.92 earnings per share for the last quarter, exceeding analysts' expectations of $0.90, with revenues reaching $13.11 billion.
• TJX Companies announced a quarterly dividend of $0.425 per share, which translates to an annualized yield of 1.3%.

Klingman & Associates LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,336 shares of the apparel and home fashions retailer's stock after selling 2,884 shares during the period. Klingman & Associates LLC's holdings in TJX Companies were worth $1,624,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. Nuveen LLC purchased a new position in TJX Companies in the first quarter valued at about $1,330,717,000. GAMMA Investing LLC lifted its holdings in TJX Companies by 14,486.1% during the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after buying an additional 2,892,151 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of TJX Companies by 689.6% in 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. Northern Trust Corp lifted its holdings in shares of TJX Companies by 15.2% in 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 purchasing an additional 1,845,225 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of TJX Companies by 12.9% in the 4th 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 purchasing an additional 1,403,561 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TJX has been the topic of several analyst reports. UBS Group restated a "buy" rating and issued a $164.00 target price (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and issued a $150.00 price objective on shares of TJX Companies in a report on Wednesday. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Daiwa Capital Markets began coverage on TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price on the stock. One research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $141.33.

Insider Transactions 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 transaction of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.8%

Shares of TJX stock traded down $1.11 on Thursday, reaching $132.99. 3,763,205 shares of the company's stock traded hands, compared to its average volume of 4,684,373. The TJX Companies, Inc. has a 12-month low of $110.24 and a 12-month high of $135.85. 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 market capitalization of $148.56 billion, a P/E ratio of 31.29, a price-to-earnings-growth ratio of 3.13 and a beta of 0.89. The business's 50 day moving average price is $125.83 and its two-hundred day moving average price is $125.05.

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, beating analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 earnings per share. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given 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 1.3%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

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.