Perpetual Ltd Trims Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Perpetual Ltd lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 16.5% in the first quarter, Holdings Channel.com reports. The fund owned 5,623 shares of the apparel and home fashions retailer’s stock after selling 1,114 shares during the quarter. Perpetual Ltd’s holdings in TJX Companies were worth $685,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TJX. Brighton Jones LLC increased its stake in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after buying an additional 8,002 shares during the period. Revolve Wealth Partners LLC grew its stake in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after acquiring an additional 235 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of TJX Companies during the fourth quarter worth approximately $53,000. Nwam LLC increased its position in shares of TJX Companies by 2.0% during the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after acquiring an additional 84 shares during the period. Finally, Flputnam Investment Management Co. raised its stake in shares of TJX Companies by 1.6% during the fourth quarter. Flputnam Investment Management Co. now owns 388,438 shares of the apparel and home fashions retailer’s stock valued at $46,927,000 after acquiring an additional 6,087 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director now owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Robert W. Baird increased their price objective on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a research report on Wednesday, May 21st. TD Securities lifted their price objective on TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Finally, Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

TJX Companies Stock Up 0.9%

Shares of TJX Companies stock opened at $123.27 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The company has a market cap of $137.70 billion, a P/E ratio of 29.00, a PEG ratio of 2.92 and a beta of 0.90. The firm’s 50 day moving average price is $127.21 and its 200-day moving average price is $124.00. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.38%. TJX Companies’s dividend payout ratio (DPR) is 40.00%.

About TJX Companies

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.