Chevy Chase Trust Holdings LLC Has $140.07 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Chevy Chase Trust Holdings LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,493,099 shares of the apparel and home fashions retailer's stock after selling 17,870 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.13% of TJX Companies worth $140,068,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in shares of TJX Companies in the first quarter valued at approximately $68,000. United Bank grew its stake in shares of TJX Companies by 9.2% during the 1st quarter. United Bank now owns 15,197 shares of the apparel and home fashions retailer's stock worth $921,000 after acquiring an additional 1,284 shares in the last quarter. AMI Investment Management Inc. acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $2,780,000. Cetera Investment Advisers lifted its position in shares of TJX Companies by 69.0% in the first quarter. Cetera Investment Advisers now owns 38,304 shares of the apparel and home fashions retailer's stock worth $2,320,000 after purchasing an additional 15,644 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in TJX Companies by 10.0% during the first quarter. Sequoia Financial Advisors LLC now owns 4,396 shares of the apparel and home fashions retailer's stock worth $266,000 after purchasing an additional 398 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Insiders Place Their Bets

In related news, EVP Louise Greenlees sold 2,694 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Louise Greenlees sold 2,694 shares of the company's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company's stock, valued at $4,968,480.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the sale, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

TJX stock traded down $1.50 during mid-day trading on Thursday, hitting $95.78. 5,660,711 shares of the company were exchanged, compared to its average volume of 5,039,248. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $102.84. The stock has a market capitalization of $108.57 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.56 and a beta of 0.86. The business has a 50 day simple moving average of $98.08 and a 200-day simple moving average of $93.19. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The business had revenue of $16.41 billion during the quarter, compared to analysts' expectations of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The firm's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $0.89 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.06 earnings per share for the current year.

TJX Companies announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 28th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Wednesday, May 15th. This is a positive change from TJX Companies's previous quarterly dividend of $0.33. TJX Companies's dividend payout ratio is presently 34.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TJX shares. UBS Group lifted their price target on shares of TJX Companies from $95.00 to $104.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. Redburn Atlantic cut TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 price target for the company. in a research report on Monday, February 5th. Telsey Advisory Group restated an "outperform" rating and issued a $105.00 price target on shares of TJX Companies in a research note on Wednesday, February 28th. Finally, BMO Capital Markets upped their price objective on TJX Companies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $102.19.

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.

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