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The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Stevens Capital Management LP

TJX Companies logo with Retail/Wholesale background

Key Points

  • Stevens Capital Management LP reduced its stake in The TJX Companies by 85.1%, holding now only 2,005 shares valued at approximately $244,000.
  • During the same quarter, several large investors, including Geode Capital Management and Capital International Investors, increased their holdings, with institutional investors owning 91.09% of the stock.
  • TJX Companies recently declared a quarterly dividend of $0.425 per share, resulting in a 1.35% yield and a 40% payout ratio.
  • MarketBeat previews the top five stocks to own by August 1st.
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Stevens Capital Management LP cut its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 85.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,005 shares of the apparel and home fashions retailer's stock after selling 11,483 shares during the quarter. Stevens Capital Management LP's holdings in TJX Companies were worth $244,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC increased its stake in TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after purchasing an additional 2,892,151 shares in the last quarter. Capital Research Global Investors increased its stake in 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 valued at $313,512,000 after purchasing an additional 2,266,415 shares in the last quarter. Northern Trust Corp increased its stake 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 valued at $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Royal Bank of Canada increased its stake 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 valued at $1,486,074,000 after purchasing an additional 1,403,561 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in 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 valued at $399,790,000 after purchasing an additional 1,302,845 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.9%

Shares of NYSE TJX traded up $1.14 during midday trading on Tuesday, reaching $126.53. 3,259,565 shares of the company's stock were exchanged, compared to its average volume of 5,333,650. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The stock has a market capitalization of $141.34 billion, a PE ratio of 29.77, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The business's fifty day moving average price is $125.39 and its two-hundred day moving average price is $124.35.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 dividend yield of 1.34%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Daiwa Capital Markets began coverage on TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target for the company. UBS Group reissued a "buy" rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. TD Securities raised their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One 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 company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $141.06.

Read Our Latest Research Report on TJX

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company's stock.

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.

Further Reading

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

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