Howland Capital Management LLC Lowers Holdings in The TJX Companies, Inc. (NYSE:TJX)

Howland Capital Management LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 489,276 shares of the apparel and home fashions retailer’s stock after selling 4,164 shares during the quarter. TJX Companies accounts for approximately 2.4% of Howland Capital Management LLC’s holdings, making the stock its 9th biggest holding. Howland Capital Management LLC’s holdings in TJX Companies were worth $49,622,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in TJX Companies by 1.1% during 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 purchasing an additional 1,071,078 shares during the period. Royal Bank of Canada raised its position in shares of TJX Companies by 7.9% in the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock valued at $1,333,913,000 after acquiring an additional 1,046,148 shares during the period. Norges Bank acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $1,193,438,000. Jennison Associates LLC raised its position in shares of TJX Companies by 3.9% in the 1st quarter. Jennison Associates LLC now owns 9,392,061 shares of the apparel and home fashions retailer’s stock valued at $952,543,000 after acquiring an additional 351,400 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of TJX Companies by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,534,165 shares of the apparel and home fashions retailer’s stock valued at $612,970,000 after acquiring an additional 115,304 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now directly owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. 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. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.9 %

Shares of NYSE:TJX traded up $0.98 during midday trading on Thursday, hitting $113.95. The stock had a trading volume of 3,520,835 shares, compared to its average volume of 5,489,047. The TJX Companies, Inc. has a 12 month low of $83.99 and a 12 month high of $114.02. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $105.10 and its 200-day simple moving average is $99.41. The company has a market cap of $128.78 billion, a P/E ratio of 28.20, a PEG ratio of 3.00 and a beta of 0.88.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same period last year, the business earned $0.76 earnings per share. The firm’s revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is 37.22%.

Analyst Upgrades and Downgrades

Several analysts have commented on TJX shares. UBS Group raised their target price on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Barclays raised their target price on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. TD Cowen raised their target price on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Telsey Advisory Group raised their target price on shares of TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, Loop Capital raised their target price on shares of TJX Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.50.

TJX Companies 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.