Swiss National Bank Sells 15,600 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• The Swiss National Bank reduced its stake in The TJX Companies, Inc. by 0.5%, now holding approximately 3.17 million shares valued at $386.2 million.
• Institutional investors own over 91% of TJX Companies, with significant increases in holdings from firms like GAMMA Investing LLC and Capital Research Global Investors.
• Analysts have a consensus "Buy" rating for TJX Companies, with a price target averaging $141.06, as the company reported quarterly earnings exceeding expectations.

Swiss National Bank lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,170,600 shares of the apparel and home fashions retailer's stock after selling 15,600 shares during the quarter. Swiss National Bank owned 0.28% of TJX Companies worth $386,179,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TJX. Shell Asset Management Co. boosted its position 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 buying an additional 4,128 shares in the last quarter. Pathstone Holdings LLC grew its position in TJX Companies by 10.1% during the 4th 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 during the last quarter. Ethic Inc. increased its holdings in TJX Companies by 21.1% during the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after purchasing an additional 29,158 shares in the last quarter. Fiduciary Trust Co raised its position in TJX Companies by 5.2% in the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after purchasing an additional 144,113 shares during the last quarter. Finally, Pinnacle Financial Partners Inc boosted its stake in TJX Companies by 2.2% in 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 purchasing an additional 8,319 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

TJX Companies Trading Down 0.3%

Shares of TJX Companies stock traded down $0.34 during trading on Friday, hitting $131.64. 4,629,642 shares of the company were exchanged, compared to its average volume of 4,777,224. 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 firm has a market capitalization of $147.06 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The firm's fifty day moving average price is $125.41 and its 200 day moving average price is $124.79. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share 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 analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is presently 40.00%.

Analysts Set New Price Targets

TJX has been the subject of a number of research analyst reports. Daiwa America raised TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" 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 report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average 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.