Chevy Chase Trust Holdings LLC Sells 65,137 Shares of The TJX Companies, Inc. (NYSE:TJX)

Chevy Chase Trust Holdings LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,400,293 shares of the apparel and home fashions retailer’s stock after selling 65,137 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.12% of TJX Companies worth $154,172,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TJX. Vanguard Group Inc. increased its stake in shares of TJX Companies by 1.3% in the 1st 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 acquiring an additional 1,269,792 shares in the last quarter. Royal Bank of Canada boosted 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 worth $1,333,913,000 after purchasing an additional 1,046,148 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of TJX Companies by 2.7% in the 1st quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after buying an additional 346,938 shares during the last quarter. Norges Bank bought a new position in TJX Companies during the 4th quarter valued at approximately $1,193,438,000. Finally, Price T Rowe Associates Inc. MD raised its stake in TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the subject of several analyst reports. Telsey Advisory Group raised their price target on TJX Companies from $115.00 to $128.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. BMO Capital Markets raised their price objective on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Evercore ISI upped their target price on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday. Loop Capital increased their price target on shares of TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, UBS Group lifted their price objective on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.71.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the transaction, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

NYSE TJX traded up $0.82 during trading hours on Tuesday, hitting $113.31. 6,581,405 shares of the company’s stock traded hands, compared to its average volume of 5,404,000. The TJX Companies, Inc. has a 52 week low of $86.71 and a 52 week high of $115.35. The firm has a market capitalization of $128.06 billion, a P/E ratio of 27.91, a P/E/G ratio of 2.95 and a beta of 0.88. 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 business’s fifty day moving average price is $111.26 and its two-hundred day moving average price is $102.93.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 8.47% and a return on equity of 64.26%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 4.12 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. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.32%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

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.