The TJX Companies, Inc. (NYSE:TJX) Position Lessened by American International Group Inc.

American International Group Inc. reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,455 shares of the apparel and home fashions retailer’s stock after selling 194 shares during the period. American International Group Inc.’s holdings in TJX Companies were worth $34,002,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TJX. Frazier Financial Advisors LLC bought a new position in TJX Companies during the fourth quarter valued at about $27,000. Anchor Investment Management LLC bought a new position in TJX Companies during the fourth quarter valued at about $28,000. BKM Wealth Management LLC bought a new position in TJX Companies during the fourth quarter valued at about $30,000. Sachetta LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $38,000. Finally, BOK Financial Private Wealth Inc. acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $40,000. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares in the company, valued at approximately $11,089,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the transaction, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders sold 70,003 shares of company stock worth $7,040,541 in the last quarter. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of several research analyst reports. UBS Group raised their price target on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 price target on TJX Companies in a research report on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research report on Tuesday, May 21st. Telsey Advisory Group raised their price target on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, Barclays raised their price target on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.37.

TJX Companies Price Performance

Shares of NYSE:TJX traded up $0.24 during trading on Friday, reaching $108.50. The stock had a trading volume of 3,698,667 shares, compared to its average volume of 7,447,975. The TJX Companies, Inc. has a 52 week low of $79.86 and a 52 week high of $108.82. The business’s 50-day moving average price is $99.28 and its 200 day moving average price is $96.75. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The stock has a market capitalization of $122.62 billion, a PE ratio of 26.92, a P/E/G ratio of 2.90 and a beta of 0.87.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. TJX Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.38%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

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.