The TJX Companies, Inc. (NYSE:TJX) Position Lowered by Trillium Asset Management LLC

Key Points

• Trillium Asset Management LLC has decreased its holdings in TJX Companies by 4.3%, making it the fund's 6th largest position with 572,015 shares valued at around $69.7 million.
• The company reported a quarterly earnings per share (EPS) of $0.92, exceeding analysts' expectations, with revenue increasing by 5.1% year-over-year to $13.11 billion.
• TJX has recently announced a quarterly dividend of $0.425, representing a 1.3% dividend yield and a payout ratio of 40.00%.

Trillium Asset Management LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,015 shares of the apparel and home fashions retailer's stock after selling 25,995 shares during the quarter. TJX Companies makes up approximately 2.0% of Trillium Asset Management LLC's portfolio, making the stock its 6th biggest position. Trillium Asset Management LLC owned 0.05% of TJX Companies worth $69,672,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TJX. Shell Asset Management Co. lifted its stake in TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock worth $3,524,000 after purchasing an additional 4,128 shares during the last quarter. Pathstone Holdings LLC lifted its stake in TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after purchasing an additional 67,853 shares during the last quarter. Ethic Inc. lifted its stake in TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock worth $20,196,000 after purchasing an additional 29,158 shares during the last quarter. Fiduciary Trust Co lifted its stake in TJX Companies by 5.2% during the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock worth $349,284,000 after purchasing an additional 144,113 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its stake in TJX Companies by 2.2% during the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after purchasing an additional 8,319 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TJX has been the subject of several recent analyst reports. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Barclays reiterated an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Macquarie reiterated a "buy" rating on shares of TJX Companies in a research note on Monday. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $150.00 price objective on shares of TJX Companies in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $141.33.

TJX Companies Price Performance

TJX Companies stock traded down $0.37 during trading hours on Friday, hitting $132.58. The stock had a trading volume of 4,775,627 shares, compared to its average volume of 5,276,313. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The stock has a market capitalization of $148.11 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 3.13 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $110.96 and a 1-year high of $135.85. The stock's fifty day moving average is $125.83 and its two-hundred day moving average is $125.05.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating 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 company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. TJX Companies's revenue was up 5.1% compared to the same quarter last year. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

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.