Vanguard Group Inc. Purchases 1,099,129 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Vanguard Group Inc. has increased its stake in TJX Companies by 1.1%, holding 100.4 million shares valued at over $12.23 billion, representing about 8.99% of the company's stock.
• TJX Companies reported earnings of $0.92 per share for the last quarter, exceeding the consensus estimate, with revenue reaching $13.11 billion, a 5.1% increase year-over-year.
• The company announced a quarterly dividend of $0.425 per share, reflecting an annualized yield of 1.3% and a dividend payout ratio of 40% as of the current fiscal year.

Vanguard Group Inc. raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 100,413,764 shares of the apparel and home fashions retailer's stock after acquiring an additional 1,099,129 shares during the quarter. Vanguard Group Inc. owned approximately 8.99% of TJX Companies worth $12,230,396,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TJX. Shell Asset Management Co. boosted its position in shares of TJX Companies by 16.5% during 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 purchasing an additional 4,128 shares in the last quarter. Pathstone Holdings LLC grew its position in shares of TJX Companies by 10.1% in 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 buying an additional 67,853 shares during the period. Ethic Inc. increased its stake in shares of TJX Companies by 21.1% in the 4th 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 lifted its position in TJX Companies by 5.2% during 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 acquiring an additional 144,113 shares during the period. Finally, Pinnacle Financial Partners Inc boosted its stake in 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. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

TJX stock traded down $0.13 during trading on Thursday, reaching $131.97. The stock had a trading volume of 6,152,817 shares, compared to its average volume of 4,722,042. The firm has a market cap of $147.42 billion, a PE ratio of 31.05, a PEG ratio of 3.08 and a beta of 0.89. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average is $125.32 and its two-hundred day moving average is $124.71. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 EPS. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction 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 transaction, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Loop Capital set a $150.00 price objective on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Cowen reissued a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of "Buy" and a consensus target price of $141.06.

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.