Banque Pictet & Cie SA Has $29.53 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Banque Pictet & Cie SA lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 242,421 shares of the apparel and home fashions retailer's stock after selling 6,054 shares during the quarter. Banque Pictet & Cie SA's holdings in TJX Companies were worth $29,527,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rehmann Capital Advisory Group boosted its holdings in shares of TJX Companies by 3.8% in the first quarter. Rehmann Capital Advisory Group now owns 10,066 shares of the apparel and home fashions retailer's stock valued at $1,226,000 after acquiring an additional 366 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in TJX Companies by 85.2% in the first quarter. Cornerstone Planning Group LLC now owns 961 shares of the apparel and home fashions retailer's stock valued at $121,000 after purchasing an additional 442 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in TJX Companies by 8.3% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 13,419 shares of the apparel and home fashions retailer's stock valued at $1,634,000 after purchasing an additional 1,025 shares in the last quarter. Greenleaf Trust increased its position in TJX Companies by 2.3% during the 1st quarter. Greenleaf Trust now owns 145,336 shares of the apparel and home fashions retailer's stock worth $17,702,000 after purchasing an additional 3,268 shares during the period. Finally, Flossbach Von Storch SE raised its stake in shares of TJX Companies by 10.6% during the 1st quarter. Flossbach Von Storch SE now owns 125,150 shares of the apparel and home fashions retailer's stock worth $15,243,000 after buying an additional 12,026 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX Companies stock traded down $0.47 during mid-day trading on Friday, reaching $123.69. The company's stock had a trading volume of 4,145,943 shares, compared to its average volume of 5,195,965. 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 TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The business has a 50 day moving average price of $126.93 and a 200-day moving average price of $124.12. The firm has a market cap of $138.17 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.93 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company 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 $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on TJX. JPMorgan Chase & Co. lifted their price target on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Daiwa Capital Markets began coverage on shares of TJX Companies in a research report on Tuesday. They set an "outperform" rating and a $133.00 target price on the stock. Barclays reissued an "overweight" rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $141.06.

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.