ST Germain D J Co. Inc. Sells 905 Shares of The TJX Companies, Inc. (NYSE:TJX)

ST Germain D J Co. Inc. lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 95,250 shares of the apparel and home fashions retailer’s stock after selling 905 shares during the quarter. ST Germain D J Co. Inc.’s holdings in TJX Companies were worth $11,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TJX. Norges Bank bought a new stake in shares of TJX Companies in the fourth quarter worth $1,670,565,000. Raymond James Financial Inc. bought a new stake in TJX Companies during the fourth quarter valued at about $570,342,000. GAMMA Investing LLC grew its holdings in TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer’s stock valued at $354,696,000 after purchasing an additional 2,892,151 shares during the period. Capital Research Global Investors grew its holdings in TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock valued at $313,512,000 after purchasing an additional 2,266,415 shares during the period. Finally, Northern Trust Corp grew its holdings in TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock valued at $1,689,628,000 after purchasing an additional 1,845,225 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $128.36 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $143.39 billion, a P/E ratio of 30.20, a P/E/G ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 12 month low of $103.70 and a 12 month high of $135.85. The business’s 50-day moving average is $127.05 and its 200 day moving average is $123.94.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be given a $0.425 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, May 15th. TJX Companies’s payout ratio is currently 40.00%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

TJX has been the subject of several recent research reports. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a report on Wednesday, May 21st. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. UBS Group reissued a “buy” rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price target on TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday. Finally, Robert W. Baird boosted their price target on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $141.53.

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.