The TJX Companies, Inc. (NYSE:TJX) Holdings Trimmed by Fiera Capital Corp

Key Points

• Fiera Capital Corp reduced its holdings in The TJX Companies by 17.3% during the first quarter, currently owning approximately 6 million shares valued at around $740 million.
• The TJX Companies reported an earnings per share (EPS) of $0.92 for the last quarter, exceeding analyst estimates by $0.02, while revenue reached $13.11 billion, also surpassing expectations.
• The firm announced a quarterly dividend of $0.425, translating to an annual yield of 1.36%, with a payout ratio of 40%.

Fiera Capital Corp lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,081,104 shares of the apparel and home fashions retailer's stock after selling 1,275,847 shares during the quarter. TJX Companies comprises 2.7% of Fiera Capital Corp's investment portfolio, making the stock its 7th biggest holding. Fiera Capital Corp owned about 0.54% of TJX Companies worth $740,678,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Picton Mahoney Asset Management increased its holdings in shares of TJX Companies by 42.1% in the 1st quarter. Picton Mahoney Asset Management now owns 182,751 shares of the apparel and home fashions retailer's stock valued at $22,258,000 after acquiring an additional 54,128 shares during the last quarter. Maridea Wealth Management LLC increased its holdings in shares of TJX Companies by 154.8% in the 1st quarter. Maridea Wealth Management LLC now owns 7,031 shares of the apparel and home fashions retailer's stock valued at $856,000 after acquiring an additional 4,272 shares during the last quarter. AGP Franklin LLC increased its holdings in shares of TJX Companies by 2.8% in the 1st quarter. AGP Franklin LLC now owns 23,353 shares of the apparel and home fashions retailer's stock valued at $3,001,000 after acquiring an additional 643 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of TJX Companies by 1.9% in the 1st quarter. Mackenzie Financial Corp now owns 1,933,415 shares of the apparel and home fashions retailer's stock valued at $235,490,000 after acquiring an additional 35,742 shares during the last quarter. Finally, Sheaff Brock Investment Advisors LLC boosted its position in shares of TJX Companies by 29.1% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 16,128 shares of the apparel and home fashions retailer's stock valued at $1,964,000 after purchasing an additional 3,637 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.9%

TJX Companies stock opened at $125.28 on Tuesday. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The stock has a 50 day moving average of $125.39 and a two-hundred day moving average of $124.35. 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 market capitalization of $139.95 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 2.95 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations 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 last year, the firm earned $0.93 EPS. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 dividend yield of 1.36%. TJX Companies's dividend payout ratio is currently 40.00%.

Analyst Ratings Changes

A number of analysts recently issued reports on TJX shares. TD Securities upped their target price on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $141.06.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's 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 completion of the sale, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies 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.

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