The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Blueshift Asset Management LLC

Key Points

• Blueshift Asset Management LLC reduced its stake in The TJX Companies by 26.9%, now owning 11,925 shares, valued at approximately $1.45 million.
• TJX Companies reported earnings of $0.92 per share, surpassing estimates, with revenue of $13.11 billion during the last quarter, reflecting a 5.1% year-over-year increase.
• The company has announced a quarterly dividend of $0.425 per share, representing an annualized dividend yield of 1.4%.

Blueshift Asset Management LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 26.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,925 shares of the apparel and home fashions retailer's stock after selling 4,391 shares during the period. TJX Companies comprises about 0.6% of Blueshift Asset Management LLC's investment portfolio, making the stock its 27th largest position. Blueshift Asset Management LLC's holdings in TJX Companies were worth $1,452,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital International Investors lifted its stake in TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after purchasing an additional 626,739 shares during the last quarter. Northern Trust Corp raised its holdings in shares of 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 purchasing an additional 1,845,225 shares during the period. Royal Bank of Canada lifted its position in shares of TJX Companies by 12.9% in the 4th 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 buying an additional 1,403,561 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of TJX Companies by 10.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,187,824 shares of the apparel and home fashions retailer's stock worth $1,230,791,000 after buying an additional 1,005,260 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of TJX Companies by 4.3% in the 4th quarter. Invesco Ltd. now owns 8,753,021 shares of the apparel and home fashions retailer's stock valued at $1,057,452,000 after buying an additional 363,879 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 1.1%

TJX opened at $124.48 on Friday. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. 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 stock's fifty day moving average is $125.01 and its 200-day moving average is $124.41. The company has a market capitalization of $139.06 billion, a PE ratio of 29.29, a P/E/G ratio of 2.93 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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. 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% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.4%. TJX Companies's payout ratio is currently 40.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on TJX shares. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Robert W. Baird increased their target price on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $141.06.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on 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 directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents 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 at the SEC website. 0.13% of the stock is owned by insiders.

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.

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