Ontario Teachers Pension Plan Board Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

Ontario Teachers Pension Plan Board grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,701 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,584 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in TJX Companies were worth $2,505,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of TJX Companies by 1.3% during the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after purchasing an additional 1,269,792 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of TJX Companies by 7.9% during the fourth quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after purchasing an additional 1,046,148 shares in the last quarter. Norges Bank acquired a new position in shares of TJX Companies during the fourth quarter worth about $1,193,438,000. Jennison Associates LLC lifted its stake in shares of TJX Companies by 3.9% during the first quarter. Jennison Associates LLC now owns 9,392,061 shares of the apparel and home fashions retailer’s stock worth $952,543,000 after purchasing an additional 351,400 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of TJX Companies by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,534,165 shares of the apparel and home fashions retailer’s stock worth $612,970,000 after purchasing an additional 115,304 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX stock traded up $1.46 during mid-day trading on Monday, reaching $113.21. The company had a trading volume of 3,962,238 shares, compared to its average volume of 5,464,875. 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 stock has a market capitalization of $127.94 billion, a P/E ratio of 28.18, a P/E/G ratio of 2.99 and a beta of 0.88. The TJX Companies, Inc. has a one year low of $85.27 and a one year high of $115.35. The stock’s 50-day simple moving average is $107.39 and its two-hundred day simple moving average is $100.48.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share 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 business had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Research analysts anticipate that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

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 paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were 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 in the company, valued at $2,395,582.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock worth $5,060,941 over the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on the company. Evercore ISI set a $113.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Loop Capital upped their price objective on TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research note on Tuesday, May 21st. BMO Capital Markets upped their price objective on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, Telsey Advisory Group upped their price objective on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $112.67.

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.