Nichols & Pratt Advisers LLP MA decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,627 shares of the apparel and home fashions retailer's stock after selling 2,684 shares during the period. TJX Companies accounts for approximately 3.3% of Nichols & Pratt Advisers LLP MA's portfolio, making the stock its 11th biggest holding. Nichols & Pratt Advisers LLP MA's holdings in TJX Companies were worth $48,458,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted its stake in shares of TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock worth $3,524,000 after buying an additional 4,128 shares during the period. Pathstone Holdings LLC lifted its position in TJX Companies by 10.1% during the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after acquiring an additional 67,853 shares during the period. Ethic Inc. lifted its position in TJX Companies by 21.1% during the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock worth $20,196,000 after acquiring an additional 29,158 shares during the period. Fiduciary Trust Co grew its stake in shares of TJX Companies by 5.2% in the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after purchasing an additional 144,113 shares during the last quarter. Finally, Pennington Partners & CO. LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $257,000. Institutional investors and hedge funds own 91.09% of the company's stock.
TJX Companies Price Performance
TJX traded up $0.67 during trading on Friday, reaching $125.98. 2,986,646 shares of the stock were exchanged, compared to its average volume of 5,198,385. 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 company has a market capitalization of $140.73 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 2.94 and a beta of 0.88. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The business's 50 day moving average price is $127.17 and its two-hundred day moving average price is $124.01.
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 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 analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.
TJX Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid 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 dividend yield of 1.35%. TJX Companies's dividend payout ratio (DPR) is 40.00%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on TJX shares. Barclays reaffirmed an "overweight" rating and set a $147.00 price target (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and a consensus target price of $141.53.
Read Our Latest Stock Report on TJX Companies
Insider Buying and Selling at TJX Companies
In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.
TJX Companies Company Profile
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Free Report)
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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