The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC sold 16,886 shares of The TJX Companies, Inc., reducing its holdings by 15.8% to 90,011 shares, valued at approximately $10.96 million.
• Several large investors increased their positions in TJX over the last quarter, with Brighton Jones LLC boosting its stake by 113.7% to 15,039 shares.
• Analysts maintain a consensus "Buy" rating for TJX, with a recent target price increase to $164.00 by UBS Group, reflecting confidence in the company's future performance.

Mizuho Securities USA LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 90,011 shares of the apparel and home fashions retailer's stock after selling 16,886 shares during the period. Mizuho Securities USA LLC's holdings in TJX Companies were worth $10,963,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fiduciary Family Office LLC acquired a new stake in TJX Companies during the 1st quarter valued at approximately $530,000. True North Advisors LLC lifted its stake in TJX Companies by 3.1% during the 1st quarter. True North Advisors LLC now owns 4,202 shares of the apparel and home fashions retailer's stock valued at $512,000 after acquiring an additional 128 shares during the period. NWK Group Inc. acquired a new stake in TJX Companies during the 1st quarter valued at approximately $1,881,000. Lcnb Corp lifted its stake in TJX Companies by 3.0% during the 1st quarter. Lcnb Corp now owns 16,101 shares of the apparel and home fashions retailer's stock valued at $1,961,000 after acquiring an additional 464 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in TJX Companies during the 1st quarter valued at approximately $22,556,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on TJX shares. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price for the company. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, 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 stock in a transaction dated Tuesday, June 3rd. The shares were 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 of the company's stock, 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 can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Trading Down 0.3%

NYSE TJX traded down $0.34 during trading hours on Friday, reaching $131.64. The company had a trading volume of 4,629,642 shares, compared to its average volume of 4,801,404. The stock has a 50-day moving average of $125.41 and a 200 day moving average of $124.80. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. 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 stock has a market capitalization of $147.06 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given 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 of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

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.