Staley Capital Advisers Inc. Trims Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Staley Capital Advisers Inc. reduced its position in TJX Companies by 5.9%, now holding 156,335 shares valued at approximately $19 million.
• The company reported earnings per share of $0.92 for the last quarter, exceeding analysts' expectations of $0.90, with revenue up 5.1% year-over-year.
• TJX Companies has announced a quarterly dividend of $0.425, which will be paid on September 4th, reflecting a dividend yield of 1.3%.

Staley Capital Advisers Inc. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,335 shares of the apparel and home fashions retailer's stock after selling 9,773 shares during the quarter. Staley Capital Advisers Inc.'s holdings in TJX Companies were worth $19,042,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Nuveen LLC bought a new position in TJX Companies during the first quarter worth $1,330,717,000. GAMMA Investing LLC boosted its stake in TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Capital Research Global Investors boosted its stake in TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after acquiring an additional 2,266,415 shares in the last quarter. Northern Trust Corp boosted its stake in TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after acquiring an additional 1,845,225 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after acquiring an additional 1,403,561 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.8%

Shares of TJX stock traded down $1.11 on Thursday, hitting $132.99. The stock had a trading volume of 3,763,186 shares, compared to its average volume of 5,292,745. The business has a 50 day moving average of $125.72 and a 200 day moving average of $124.99. The stock has a market cap of $148.56 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. 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 TJX Companies, Inc. has a 12-month low of $110.24 and a 12-month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data 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 net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter last year, the company posted $0.93 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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 issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research note on Monday. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $141.33.

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.