Machina Capital S.A.S. Sells 12,038 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Machina Capital S.A.S. significantly reduced its stake in TJX Companies by 74.3%, selling 12,038 shares in the 1st quarter and retaining only 4,161 shares valued at approximately $507,000.
• Notable institutional investors have recently increased their holdings in TJX, including Shell Asset Management Co. and Pathstone Holdings LLC, reflecting overall institutional ownership of 91.09% in the stock.
• TJX Companies is set to pay a quarterly dividend of $0.425 on September 4th, resulting in an annualized dividend yield of 1.35% and highlighting a sustainable payout ratio of 40.00%.

Machina Capital S.A.S. lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 74.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,161 shares of the apparel and home fashions retailer's stock after selling 12,038 shares during the quarter. Machina Capital S.A.S.'s holdings in TJX Companies were worth $507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank acquired a new position in TJX Companies during the fourth quarter worth $1,670,565,000. GAMMA Investing LLC raised its position in TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Capital Research Global Investors raised its position in TJX Companies by 689.6% during the fourth 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 acquiring an additional 2,266,415 shares in the last quarter. 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 valued at $1,689,628,000 after purchasing an additional 1,845,225 shares during the period. Finally, Royal Bank of Canada raised its position in shares of TJX Companies by 12.9% in the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after purchasing an additional 1,403,561 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 0.3%

Shares of NYSE:TJX traded down $0.37 during trading on Monday, reaching $126.07. The stock had a trading volume of 1,646,512 shares, compared to its average volume of 5,316,550. The firm's fifty day moving average is $125.58 and its 200 day moving average is $124.31. 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 TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The stock has a market cap of $140.83 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 2.95 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TJX shares. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Daiwa Capital Markets started coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective on the stock. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Robert W. Baird raised their price target on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $141.06.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 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 can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

TJX Companies 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.