Moors & Cabot Inc. Has $18.82 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Moors & Cabot Inc. reduced its stake in TJX Companies by 1.7%, owning 154,502 shares valued at approximately $18.82 million.
• Several institutional investors, including Capital International and Northern Trust Corp, increased their holdings in TJX Companies during the fourth quarter, with 91.09% of the stock now owned by institutional investors.
• TJX Companies recently declared a quarterly dividend of $0.425 per share, with a yield of 1.4% and a dividend payout ratio of 40.00%.

Moors & Cabot Inc. decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,502 shares of the apparel and home fashions retailer's stock after selling 2,679 shares during the period. TJX Companies makes up about 1.0% of Moors & Cabot Inc.'s investment portfolio, making the stock its 17th largest holding. Moors & Cabot Inc.'s holdings in TJX Companies were worth $18,818,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital International Investors boosted its position in TJX Companies by 4.5% during the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after acquiring an additional 626,739 shares during the last quarter. Northern Trust Corp lifted 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 worth $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Royal Bank of Canada boosted its holdings in TJX Companies by 12.9% during the fourth 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in TJX Companies by 10.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,187,824 shares of the apparel and home fashions retailer's stock worth $1,230,791,000 after purchasing an additional 1,005,260 shares during the last quarter. Finally, Invesco Ltd. grew its position in TJX Companies by 4.3% in the fourth quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer's stock valued at $1,057,452,000 after purchasing an additional 363,879 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of TJX opened at $124.48 on Friday. The company's 50-day moving average is $125.01 and its 200-day moving average is $124.41. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The firm has a market capitalization of $139.06 billion, a PE ratio of 29.29, a PEG ratio of 2.93 and a beta of 0.88. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 EPS. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. TD Securities boosted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Morgan Stanley set a $140.00 target price on TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Robert W. Baird raised their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $141.06.

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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