Pensionfund DSM Netherlands Has $3,774,000 Stake in TJX Companies, Inc. (The) (TJX)

Pensionfund DSM Netherlands continued to hold its position in TJX Companies, Inc. (The) (NYSE:TJX) during the second quarter, Holdings Channel reports. The firm owned 52,300 shares of the apparel and home fashions retailer’s stock at the end of the second quarter. Pensionfund DSM Netherlands’ holdings in TJX Companies, Inc. (The) were worth $3,774,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its position in TJX Companies, Inc. (The) by 52.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 242,420 shares of the apparel and home fashions retailer’s stock worth $19,171,000 after buying an additional 83,752 shares during the period. Clearbridge Investments LLC increased its position in TJX Companies, Inc. (The) by 2.6% in the first quarter. Clearbridge Investments LLC now owns 1,752,913 shares of the apparel and home fashions retailer’s stock worth $138,620,000 after buying an additional 44,952 shares during the period. Seaward Management Limited Partnership increased its position in TJX Companies, Inc. (The) by 0.8% in the first quarter. Seaward Management Limited Partnership now owns 327,084 shares of the apparel and home fashions retailer’s stock worth $25,865,000 after buying an additional 2,709 shares during the period. Patten Group Inc. increased its position in TJX Companies, Inc. (The) by 0.8% in the first quarter. Patten Group Inc. now owns 10,385 shares of the apparel and home fashions retailer’s stock worth $790,000 after buying an additional 80 shares during the period. Finally, Piedmont Investment Advisors LLC increased its position in TJX Companies, Inc. (The) by 129.4% in the first quarter. Piedmont Investment Advisors LLC now owns 319,036 shares of the apparel and home fashions retailer’s stock worth $25,229,000 after buying an additional 179,974 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

TJX Companies, Inc. (NYSE TJX) traded up 0.31% during midday trading on Friday, hitting $70.47. The company had a trading volume of 6,655,057 shares. The stock has a market capitalization of $45.69 billion, a PE ratio of 19.95 and a beta of 0.77. The stock has a 50 day moving average price of $70.06 and a 200-day moving average price of $74.80. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. During the same period in the prior year, the company posted $0.84 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that TJX Companies, Inc. will post $3.92 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

A number of research firms have issued reports on TJX. Zacks Investment Research downgraded TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a report on Thursday. Instinet reiterated a “buy” rating and issued a $80.00 price objective (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday. Nomura set a $80.00 price objective on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday. Credit Suisse Group restated a “neutral” rating and set a $74.00 price target (up from $72.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday. Finally, Jefferies Group LLC set a $75.00 price target on TJX Companies, Inc. (The) and gave the company a “hold” rating in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $82.61.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The stock was 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 of the company’s stock, valued at approximately $6,537,219.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.23% of the company’s stock.

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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