The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Pensioenfonds Rail & OV

Pensioenfonds Rail & OV decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 34.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 360,383 shares of the apparel and home fashions retailer’s stock after selling 192,406 shares during the period. TJX Companies comprises approximately 2.6% of Pensioenfonds Rail & OV’s portfolio, making the stock its 25th largest position. Pensioenfonds Rail & OV’s holdings in TJX Companies were worth $36,550,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TJX. Frazier Financial Advisors LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $27,000. Anchor Investment Management LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $28,000. BKM Wealth Management LLC purchased a new stake in TJX Companies in the fourth quarter valued at $30,000. Sachetta LLC purchased a new stake in TJX Companies in the fourth quarter valued at $38,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in TJX Companies in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX stock traded down $0.13 during midday trading on Wednesday, reaching $110.54. 5,684,327 shares of the company were exchanged, compared to its average volume of 5,530,816. The TJX Companies, Inc. has a 12 month low of $82.25 and a 12 month high of $111.79. The company has a market cap of $124.93 billion, a P/E ratio of 27.49, a PEG ratio of 2.96 and a beta of 0.87. The company’s 50 day moving average price is $101.44 and its two-hundred day moving average price is $97.90. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the previous year, the firm earned $0.76 EPS. TJX Companies’s revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies announced that its Board of Directors has authorized a share buyback program 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 repurchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued 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 dividend yield of 1.36%. TJX Companies’s payout ratio is currently 37.22%.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 1,500 shares of the business’s 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 directly 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 accessible through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock worth $5,060,941 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. Sanford C. Bernstein boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Robert W. Baird upped their target price on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Telsey Advisory Group upped their target price on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Finally, UBS Group upped their target price on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Two research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $110.37.

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.