Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Position in The TJX Companies, Inc. (NYSE:TJX)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,299,924 shares of the apparel and home fashions retailer's stock after selling 64,945 shares during the quarter. TJX Companies accounts for 2.8% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's portfolio, making the stock its 11th largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.21% of TJX Companies worth $288,641,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of TJX Companies during the fourth quarter worth approximately $1,670,565,000. Raymond James Financial Inc. acquired a new position in TJX Companies during the 4th quarter worth $570,342,000. GAMMA Investing LLC increased its position in shares of TJX Companies by 14,486.1% in 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 purchasing an additional 2,892,151 shares during the last quarter. Capital Research Global Investors raised its stake 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 valued at $313,512,000 after purchasing an additional 2,266,415 shares in the last quarter. Finally, Northern Trust Corp lifted its position 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 purchasing an additional 1,845,225 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX opened at $122.35 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The business's 50 day moving average is $127.30 and its 200-day moving average is $124.05. The stock has a market cap of $136.68 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 2.90 and a beta of 0.90. 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 announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies's payout ratio is 40.00%.

Analyst Upgrades and Downgrades

TJX has been the topic of several research reports. UBS Group restated a "buy" rating and set a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Barclays reissued an "overweight" rating and set a $147.00 price target (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Robert W. Baird lifted their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

Insiders Place Their Bets

In other TJX Companies 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 completion of the transaction, the director now directly owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by 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.

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