Wilkinson Global Asset Management LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 990,071 shares of the apparel and home fashions retailer's stock after selling 16,090 shares during the quarter. TJX Companies accounts for 7.5% of Wilkinson Global Asset Management LLC's holdings, making the stock its largest position. Wilkinson Global Asset Management LLC owned approximately 0.09% of TJX Companies worth $120,591,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in TJX Companies in the fourth quarter valued at approximately $1,670,565,000. GAMMA Investing LLC grew its holdings in TJX Companies by 14,486.1% in the first 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 during the period. Capital Research Global Investors grew its holdings in TJX Companies by 689.6% in the fourth 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 during the period. Northern Trust Corp grew 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 period. Finally, Royal Bank of Canada grew its holdings in TJX Companies by 12.9% in the fourth 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 during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction 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 sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. The trade was 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 available through the SEC website. 0.13% of the stock is owned by corporate insiders.
TJX Companies Stock Performance
NYSE TJX opened at $123.69 on Friday. The stock's fifty day moving average is $126.82 and its two-hundred day moving average is $124.13. The firm has a market capitalization of $138.17 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 2.89 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 TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week 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, topping 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 firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.
TJX Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies's dividend payout ratio is currently 40.00%.
Wall Street Analysts Forecast Growth
TJX has been the topic of several research analyst reports. Barclays reissued an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Loop Capital set a $150.00 price objective on TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. One research 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. Based on data from MarketBeat, TJX Companies currently has an average rating of "Buy" and an average target price of $141.06.
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.
See Also
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