Russell Investments Group Ltd. Trims Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Russell Investments Group Ltd. has reduced its holdings in The TJX Companies, Inc. by 0.8%, now owning approximately 2.29 million shares worth $278 million.
• Several institutional investors have increased their stakes in TJX, with Vanguard Group Inc. lifting its stake by 1.1%, now holding over 100 million shares valued at $12.23 billion.
• TJX Companies reported strong quarterly earnings, with earnings per share of $0.92, exceeding the analyst estimate of $0.90, and revenue of $13.11 billion for the quarter.

Russell Investments Group Ltd. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,289,771 shares of the apparel and home fashions retailer's stock after selling 17,537 shares during the period. Russell Investments Group Ltd. owned about 0.20% of TJX Companies worth $277,968,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TJX. TCTC Holdings LLC boosted its position in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC boosted its position in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in TJX Companies during the first quarter valued at $37,000. Finally, Rialto Wealth Management LLC boosted its position in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after acquiring an additional 179 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.3%

NYSE:TJX traded down $0.37 on Friday, hitting $132.58. The stock had a trading volume of 4,796,051 shares, compared to its average volume of 5,289,420. 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 has a market cap of $148.11 billion, a P/E ratio of 31.20, a price-to-earnings-growth ratio of 3.13 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $110.96 and a 1 year high of $135.85. The firm's fifty day simple moving average is $125.83 and its two-hundred day simple moving average is $125.05.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter last year, the business posted $0.93 EPS. TJX Companies's quarterly revenue was up 5.1% compared to the same quarter last year. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the firm'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 completion of the sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on TJX. UBS Group reaffirmed a "buy" rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. TD Securities increased their price objective 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. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target 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.