The TJX Companies, Inc. $TJX Position Reduced by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP reduced its stake in The TJX Companies by 1.1%, owning approximately 34.46 million shares, which accounts for 0.8% of its portfolio.
• The TJX Companies reported a quarterly earnings per share (EPS) of $0.92, surpassing the consensus estimate of $0.90, with a revenue of $13.11 billion for the quarter.
• The company announced a quarterly dividend of $0.425, representing an annualized dividend of $1.70 with a yield of 1.3%, set to be paid on September 4th.

Wellington Management Group LLP trimmed its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,461,660 shares of the apparel and home fashions retailer's stock after selling 374,519 shares during the quarter. TJX Companies accounts for 0.8% of Wellington Management Group LLP's portfolio, making the stock its 15th largest position. Wellington Management Group LLP owned about 3.08% of TJX Companies worth $4,197,430,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC lifted its holdings in shares of TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after acquiring an additional 83 shares during the period. Knuff & Co LLC increased its stake in shares of TJX Companies by 8.5% in the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock valued at $129,000 after buying an additional 83 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in shares of TJX Companies by 2.2% in the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after buying an additional 86 shares in the last quarter. Financial Network Wealth Advisors LLC increased its stake in shares of TJX Companies by 7.8% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,207 shares of the apparel and home fashions retailer's stock valued at $147,000 after buying an additional 87 shares in the last quarter. Finally, Amplius Wealth Advisors LLC increased its stake in shares of TJX Companies by 4.2% in the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE TJX opened at $132.58 on Monday. The company has a market capitalization of $148.11 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 3.09 and a beta of 0.89. 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 business's fifty day moving average is $125.91 and its 200 day moving average is $125.10. The TJX Companies, Inc. has a fifty-two week low of $110.96 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group reiterated a "buy" rating and issued a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Barclays reiterated an "overweight" rating and set a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Daiwa Capital Markets began coverage on TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective on the stock. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $141.33.

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred on 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 directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.13% of the company's stock.

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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