DekaBank Deutsche Girozentrale Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

DekaBank Deutsche Girozentrale lessened its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,903,458 shares of the apparel and home fashions retailer's stock after selling 108,435 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.17% of TJX Companies worth $221,577,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Shell Asset Management Co. grew its stake in TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after acquiring an additional 4,128 shares during the period. Pathstone Holdings LLC increased its position in shares of 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 acquiring an additional 67,853 shares in the last quarter. Ethic Inc. increased its position in shares of 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 acquiring an additional 29,158 shares in the last quarter. Fiduciary Trust Co increased its position in shares of 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 acquiring an additional 144,113 shares in the last quarter. Finally, Pinnacle Financial Partners Inc increased its position in shares of 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 acquiring an additional 8,319 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TJX shares. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. UBS Group reissued a "buy" rating and set a $164.00 target price (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. TD Securities boosted their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Daiwa Capital Markets started coverage on shares of TJX Companies in a research report on Tuesday. They set an "outperform" rating and a $133.00 target price for the company. 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. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $141.06.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $0.47 on Friday, reaching $123.69. 4,145,943 shares of the company traded hands, compared to its average volume of 5,202,666. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The company has a 50 day moving average of $126.82 and a 200 day moving average of $124.13. The firm has a market capitalization of $138.17 billion, a PE ratio of 29.10, a PEG ratio of 2.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

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

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the company'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 transaction of $121,685.50. Following the sale, 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 position. The sale 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.

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.