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Pacer Advisors Inc. Sells 26,981 Shares of The TJX Companies, Inc. (NYSE:TJX)

TJX Companies logo with Retail/Wholesale background

Key Points

  • Pacer Advisors Inc. reduced its stake in The TJX Companies, Inc. by 25.2%, selling 26,981 shares and holding 80,233 shares worth approximately $9.77 million after the transaction.
  • For the latest reporting period, TJX posted earnings of $0.92 EPS, exceeding the consensus estimate of $0.90, with a revenue of $13.11 billion—a 5.1% increase year-over-year.
  • The company's quarterly dividend of $0.425 per share will be paid on September 4th, yielding an annualized dividend of 1.35% with a payout ratio of 40%.
  • MarketBeat previews the top five stocks to own by August 1st.
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Pacer Advisors Inc. reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 25.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 80,233 shares of the apparel and home fashions retailer's stock after selling 26,981 shares during the quarter. Pacer Advisors Inc.'s holdings in TJX Companies were worth $9,772,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of TJX Companies by 14,486.1% during the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after purchasing an additional 2,892,151 shares in the last quarter. Capital Research Global Investors boosted its position in shares of TJX Companies by 689.6% in the 4th 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 buying an additional 2,266,415 shares in the last quarter. Northern Trust Corp boosted its position in shares of TJX Companies by 15.2% in the 4th 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 buying an additional 1,845,225 shares in the last quarter. Royal Bank of Canada boosted its position in shares of TJX Companies by 12.9% in the 4th 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 buying an additional 1,403,561 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of TJX Companies by 65.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock worth $399,790,000 after buying an additional 1,302,845 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of TJX Companies stock traded up $1.06 on Tuesday, reaching $126.45. 5,543,283 shares of the company traded hands, compared to its average volume of 5,350,887. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The company has a 50 day moving average of $125.39 and a 200 day moving average of $124.35. The firm has a market capitalization of $141.26 billion, a PE ratio of 29.75, a PEG ratio of 2.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

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 company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Analyst Ratings Changes

A number of research firms have issued reports on TJX. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Barclays reaffirmed an "overweight" rating and set a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. UBS Group reissued a "buy" rating and set a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. One equities 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, the company presently has an average rating of "Buy" and a consensus price target of $141.06.

Get Our Latest Report on TJX

Insider Transactions at TJX Companies

In other 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 transaction of $121,685.50. Following the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Company Profile

(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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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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