The TJX Companies, Inc. (NYSE:TJX) Stock Position Decreased by Annapolis Financial Services LLC

Annapolis Financial Services LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 79.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,661 shares of the apparel and home fashions retailer’s stock after selling 6,310 shares during the period. Annapolis Financial Services LLC’s holdings in TJX Companies were worth $168,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TJX. Norges Bank bought a new position in TJX Companies in the 4th quarter worth approximately $1,193,438,000. Schroder Investment Management Group increased its holdings in shares of TJX Companies by 350.9% during the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock valued at $184,714,000 after purchasing an additional 1,617,367 shares during the period. Nordea Investment Management AB raised its stake in shares of TJX Companies by 23.2% during the fourth quarter. Nordea Investment Management AB now owns 5,881,507 shares of the apparel and home fashions retailer’s stock valued at $554,156,000 after purchasing an additional 1,107,937 shares in the last quarter. Canoe Financial LP lifted its holdings in TJX Companies by 22,145.7% in the fourth quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock worth $104,344,000 after purchasing an additional 1,107,287 shares during the period. Finally, Vanguard Group Inc. grew its position in TJX Companies by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 96,206,766 shares of the apparel and home fashions retailer’s stock valued at $9,025,157,000 after buying an additional 1,071,078 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the transaction, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the firm’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 transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders sold 50,003 shares of company stock valued at $5,060,941 in the last quarter. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.4 %

NYSE:TJX traded down $0.45 during trading hours on Friday, hitting $110.10. 12,781,419 shares of the stock traded hands, compared to its average volume of 6,462,926. The firm has a market cap of $124.43 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 2.94 and a beta of 0.87. The firm has a 50 day moving average price of $102.48 and a 200 day moving average price of $98.25. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $111.79.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.36%. TJX Companies’s payout ratio is 37.22%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TJX. TD Cowen upped their price target on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday, May 21st. Barclays boosted their price objective on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and raised their target price for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, Robert W. Baird boosted their price target on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.39.

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.