Sather Financial Group Inc Sells 3,698 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Sather Financial Group Inc reduced its stake in The TJX Companies by 7.8%, now owning 43,726 shares, valued at approximately $5.3 million.
• Several institutional investors increased their holdings in TJX, with firms like Geode Capital Management and Northern Trust Corp raising their positions significantly during the fourth quarter.
• The TJX Companies reported a quarterly earnings per share of $0.92, exceeding analysts' estimates, with a revenue of $13.11 billion, marking a year-over-year increase of 5.1%.

Sather Financial Group Inc lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,726 shares of the apparel and home fashions retailer's stock after selling 3,698 shares during the period. TJX Companies comprises approximately 0.3% of Sather Financial Group Inc's holdings, making the stock its 28th biggest position. Sather Financial Group Inc's holdings in TJX Companies were worth $5,326,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mediolanum International Funds Ltd increased its holdings in TJX Companies by 7.0% during the first quarter. Mediolanum International Funds Ltd now owns 568,386 shares of the apparel and home fashions retailer's stock valued at $67,189,000 after buying an additional 37,162 shares during the last quarter. Nvwm LLC increased its holdings in TJX Companies by 88.7% during the first quarter. Nvwm LLC now owns 18,080 shares of the apparel and home fashions retailer's stock valued at $2,202,000 after buying an additional 8,499 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in TJX Companies by 5.1% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 325,568 shares of the apparel and home fashions retailer's stock valued at $39,654,000 after buying an additional 15,900 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its holdings in TJX Companies by 6.9% during the first quarter. Prescott Group Capital Management L.L.C. now owns 37,130 shares of the apparel and home fashions retailer's stock valued at $4,522,000 after buying an additional 2,411 shares during the last quarter. Finally, Caliber Wealth Management LLC KS purchased a new stake in TJX Companies during the first quarter valued at approximately $2,079,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Buying and Selling

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 value of $121,685.50. Following the transaction, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Trading Up 0.8%

Shares of TJX Companies stock traded up $1.06 during trading on Tuesday, hitting $126.45. The stock had a trading volume of 5,530,935 shares, compared to its average volume of 5,349,712. The firm's fifty day simple moving average is $125.39 and its 200-day simple moving average is $124.35. The stock has a market cap of $141.26 billion, a PE ratio of 29.75, a PEG ratio of 2.95 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. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion for 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 firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.34%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

A number of analysts have commented on TJX shares. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. TD Securities upped their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Finally, Barclays reaffirmed an "overweight" rating and issued a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $141.06.

About TJX Companies

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.