Rathbones Group PLC Sells 5,598 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Rathbones Group PLC sold 5,598 shares of The TJX Companies during the first quarter, reducing its holdings by 0.6% to 1,010,942 shares, worth approximately $123.13 million.
• The TJX Companies reported a quarterly EPS of $0.92, exceeding estimates, with a revenue of $13.11 billion, up 5.1% year-over-year.
• The company announced a quarterly dividend of $0.425, reflecting a 1.3% dividend yield, with a payout ratio of 40.00%.

Rathbones Group PLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.6% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 1,010,942 shares of the apparel and home fashions retailer's stock after selling 5,598 shares during the quarter. Rathbones Group PLC owned about 0.09% of TJX Companies worth $123,133,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after buying an additional 1,099,129 shares during the last quarter. Capital International Investors lifted its position in shares of 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 buying an additional 626,739 shares during the last quarter. Northern Trust Corp increased its holdings in 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 purchasing an additional 1,845,225 shares in the last quarter. Royal Bank of Canada increased its holdings in 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 purchasing an additional 1,403,561 shares in the last quarter. Finally, Nuveen LLC acquired a new position in TJX Companies in the 1st quarter worth about $1,330,717,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. TD Securities upped their target price on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Finally, Daiwa Capital Markets began coverage on TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target for the company. One analyst has rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of "Buy" and a consensus price target of $141.33.

TJX Companies Trading Down 0.8%

NYSE TJX traded down $1.11 during trading hours on Thursday, hitting $132.99. 3,763,205 shares of the company's stock were exchanged, compared to its average volume of 5,292,755. The stock has a 50-day simple moving average of $125.72 and a 200 day simple moving average of $124.99. The TJX Companies, Inc. has a 1-year low of $110.24 and a 1-year high of $135.85. The firm has a market cap of $148.56 billion, a price-to-earnings ratio of 31.29, a PEG ratio of 3.11 and a beta of 0.89. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results 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. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. On average, equities 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. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.3%. TJX Companies's dividend payout ratio is presently 40.00%.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the 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 transaction, the director owned 22,712 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

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.