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TD Asset Management Inc Has $582.38 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

TJX Companies logo with Retail/Wholesale background

Key Points

  • TD Asset Management Inc has decreased its stake in The TJX Companies, Inc. by 1.2%, retaining approximately 4.78 million shares valued at around $582 million.
  • Several institutional investors, including Geode Capital Management and Capital International Investors, have increased their positions in TJX Companies, indicating strong institutional interest with 91.09% of the stock owned by such investors.
  • The TJX Companies recently announced a quarterly dividend of $0.425 per share, resulting in an annualized dividend yield of 1.35% and a payout ratio of 40%.
  • Five stocks we like better than TJX Companies.
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TD Asset Management Inc lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,781,440 shares of the apparel and home fashions retailer's stock after selling 56,532 shares during the period. TD Asset Management Inc owned approximately 0.43% of TJX Companies worth $582,379,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies during the first quarter worth $37,000. Rialto Wealth Management LLC raised its holdings in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after acquiring an additional 179 shares in the last quarter. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of TJX Companies during the first quarter worth $52,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies 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 completion of the sale, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. Daiwa Capital Markets began coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective for the company. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Robert W. Baird increased their target price on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. UBS Group reissued a "buy" rating and set a $164.00 target price (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Barclays reissued an "overweight" rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of "Buy" and an average target price of $141.06.

View Our Latest Stock Report on TJX Companies

TJX Companies Stock Performance

TJX stock traded up $1.06 during trading on Tuesday, reaching $126.45. 5,543,152 shares of the stock were exchanged, compared to its average volume of 5,349,712. 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 stock has a 50 day simple moving average of $125.39 and a 200-day simple moving average of $124.35. The company has a market capitalization of $141.26 billion, a P/E ratio of 29.75, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85.

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 earnings per share for the quarter, beating 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 company 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 business earned $0.93 earnings per share. The company's quarterly revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given 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 (DPR) is presently 40.00%.

TJX Companies 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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