Massachusetts Financial Services Co. MA reduced its stake in TJX Companies, Inc. (The) (NYSE:TJX) by 36.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 3,441,108 shares of the apparel and home fashions retailer’s stock after selling 1,994,060 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.53% of TJX Companies, Inc. (The) worth $272,123,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp raised its stake in TJX Companies, Inc. (The) by 5.6% in the first quarter. Fifth Third Bancorp now owns 622,020 shares of the apparel and home fashions retailer’s stock worth $49,189,000 after buying an additional 32,819 shares during the period. Pictet & Cie Europe SA raised its stake in shares of TJX Companies, Inc. (The) by 6.7% in the first quarter. Pictet & Cie Europe SA now owns 63,607 shares of the apparel and home fashions retailer’s stock worth $5,030,000 after buying an additional 3,997 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of TJX Companies, Inc. (The) by 2.4% in the first quarter. Teacher Retirement System of Texas now owns 845,092 shares of the apparel and home fashions retailer’s stock worth $66,830,000 after buying an additional 20,014 shares during the last quarter. Ngam Advisors L.P. raised its stake in shares of TJX Companies, Inc. (The) by 19.7% in the first quarter. Ngam Advisors L.P. now owns 235,623 shares of the apparel and home fashions retailer’s stock worth $18,633,000 after buying an additional 38,810 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in shares of TJX Companies, Inc. (The) by 3.9% in the first quarter. Segall Bryant & Hamill LLC now owns 388,021 shares of the apparel and home fashions retailer’s stock worth $30,685,000 after buying an additional 14,396 shares during the last quarter. 89.85% of the stock is owned by institutional investors and hedge funds.
Shares of TJX Companies, Inc. (TJX) traded up 0.520% during trading on Monday, reaching $70.525. The company’s stock had a trading volume of 702,756 shares. The company has a 50 day moving average price of $70.27 and a 200 day moving average price of $75.23. The firm has a market capitalization of $45.37 billion, a P/E ratio of 20.024 and a beta of 0.77. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $83.64.
TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a net margin of 6.96% and a return on equity of 53.34%. The company had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts expect that TJX Companies, Inc. will post $3.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.78%. TJX Companies, Inc. (The)’s payout ratio is 35.51%.
Several equities analysts have recently weighed in on TJX shares. Zacks Investment Research downgraded TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Credit Suisse Group reiterated a “hold” rating and issued a $79.00 price objective on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. BMO Capital Markets reissued a “buy” rating and issued a $85.00 target price on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Instinet reissued a “buy” rating and issued a $84.00 target price (down from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Nomura reaffirmed a “buy” rating and set a $84.00 price objective on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $83.72.
In other news, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $75.80, for a total transaction of $303,200.00. Following the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the sale, the executive vice president now directly owns 120,000 shares of the company’s stock, valued at $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.
TJX Companies, Inc. (The) Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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