Nuveen LLC Purchases Shares of 10,925,423 The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Nuveen LLC has acquired a significant position in The TJX Companies, purchasing 10,925,423 shares valued at approximately $1.33 billion, representing 0.98% of the company's stock.
• The company recently reported earnings of $0.92 per share, exceeding analysts' expectations, and a 5.1% year-over-year revenue increase to $13.11 billion.
• The TJX Companies declared a quarterly dividend of $0.425 per share, with an ex-dividend date of August 14, contributing to an annualized yield of 1.3%.

Nuveen LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,925,423 shares of the apparel and home fashions retailer's stock, valued at approximately $1,330,717,000. Nuveen LLC owned 0.98% of TJX Companies as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cooper Financial Group raised its stake in TJX Companies by 8.2% during the 1st quarter. Cooper Financial Group now owns 2,648 shares of the apparel and home fashions retailer's stock worth $323,000 after acquiring an additional 200 shares during the period. King Luther Capital Management Corp increased its stake in shares of TJX Companies by 11.4% in the first quarter. King Luther Capital Management Corp now owns 63,234 shares of the apparel and home fashions retailer's stock worth $7,702,000 after purchasing an additional 6,461 shares in the last quarter. Biltmore Family Office LLC raised its position in shares of TJX Companies by 734.3% during the 1st quarter. Biltmore Family Office LLC now owns 18,179 shares of the apparel and home fashions retailer's stock valued at $2,214,000 after purchasing an additional 16,000 shares during the period. Invesco Ltd. lifted its stake in shares of TJX Companies by 2.8% during the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer's stock valued at $1,096,273,000 after buying an additional 247,579 shares in the last quarter. Finally, Fiduciary Family Office LLC bought a new position in TJX Companies in the 1st quarter worth $530,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

TJX Companies stock opened at $131.64 on Friday. The company's 50-day moving average price is $125.41 and its 200-day moving average price is $124.79. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The company has a market cap of $147.06 billion, a PE 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 posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping 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 firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business's quarterly revenue was up 5.1% on a year-over-year basis. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Insider Buying and Selling

In related 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 value of $121,685.50. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TJX shares. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, TD Securities lifted their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average 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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