Sovran Advisors LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 49.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,450 shares of the apparel and home fashions retailer's stock after buying an additional 2,132 shares during the period. Sovran Advisors LLC's holdings in TJX Companies were worth $823,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in TJX Companies by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock worth $11,998,201,000 after acquiring an additional 578,948 shares during the period. Geode Capital Management LLC boosted its position in shares of TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after purchasing an additional 464,995 shares during the last quarter. Capital International Investors grew its stake in shares of TJX Companies by 4.5% during the fourth 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 purchasing an additional 626,739 shares during the period. Northern Trust Corp increased its holdings in 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 valued at $1,689,628,000 after purchasing an additional 1,845,225 shares during the last quarter. Finally, Norges Bank acquired a new position in TJX Companies in the fourth quarter valued at about $1,670,565,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.
TJX Companies Price Performance
Shares of NYSE TJX opened at $123.27 on Monday. The company has a fifty day moving average price of $127.21 and a 200 day moving average price of $123.98. The firm has a market cap of $137.70 billion, a PE ratio of 29.00, a PEG ratio of 2.92 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85.
TJX Companies (NYSE:TJX - Get Free Report) last issued 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 company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.
TJX Companies Announces Dividend
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 given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.
Insiders Place Their Bets
In related 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 value of $121,685.50. Following the completion of the transaction, the director now owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on TJX shares. Cowen restated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Robert W. Baird increased their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. TD Securities upped their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One investment 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.
Check Out Our Latest Report on TJX Companies
About TJX Companies
(
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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