Xponance Inc. Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Xponance Inc. lifted its position in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 0.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 202,939 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,325 shares during the quarter. Xponance Inc.’s holdings in TJX Companies were worth $12,294,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TJX. Norges Bank purchased a new position in TJX Companies during the fourth quarter valued at approximately $827,082,000. Jennison Associates LLC boosted its stake in shares of TJX Companies by 21.4% in the fourth quarter. Jennison Associates LLC now owns 18,437,205 shares of the apparel and home fashions retailer’s stock worth $1,399,753,000 after acquiring an additional 3,253,468 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of TJX Companies by 87.4% in the fourth quarter. Brown Advisory Inc. now owns 4,594,906 shares of the apparel and home fashions retailer’s stock worth $348,846,000 after acquiring an additional 2,142,585 shares during the last quarter. State Street Corp boosted its stake in shares of TJX Companies by 4.4% in the fourth quarter. State Street Corp now owns 49,000,588 shares of the apparel and home fashions retailer’s stock worth $3,720,125,000 after acquiring an additional 2,057,821 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of TJX Companies by 10.0% in the fourth quarter. Nuveen Asset Management LLC now owns 16,132,376 shares of the apparel and home fashions retailer’s stock worth $1,224,770,000 after acquiring an additional 1,468,842 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

A number of equities analysts recently commented on TJX shares. Morgan Stanley lifted their price objective on TJX Companies from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, May 19th. TheStreet downgraded TJX Companies from a “b” rating to a “c+” rating in a research report on Wednesday, May 18th. Barclays boosted their price objective on TJX Companies from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, April 13th. Credit Suisse Group boosted their price objective on TJX Companies from $73.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 19th. Finally, JPMorgan Chase & Co. cut their price objective on TJX Companies from $81.00 to $76.00 in a report on Monday, May 16th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.05.

In related news, CFO Scott Goldenberg sold 30,000 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $62.03, for a total value of $1,860,900.00. Following the completion of the sale, the chief financial officer now directly owns 119,127 shares in the company, valued at $7,389,447.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth Canestrari sold 35,827 shares of the company’s stock in a transaction on Thursday, May 19th. The stock was sold at an average price of $61.04, for a total transaction of $2,186,880.08. Following the completion of the sale, the executive vice president now owns 160,899 shares of the company’s stock, valued at $9,821,274.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 112,824 shares of company stock worth $6,973,343. Corporate insiders own 0.19% of the company’s stock.

NYSE:TJX traded down $0.08 during mid-day trading on Wednesday, hitting $57.40. The company had a trading volume of 55,484 shares, compared to its average volume of 7,397,850. The TJX Companies, Inc. has a 1 year low of $53.69 and a 1 year high of $77.35. The firm has a market capitalization of $67.25 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.81 and a beta of 0.88. The company has a current ratio of 1.25, a quick ratio of 0.55 and a debt-to-equity ratio of 0.60. The business has a fifty day simple moving average of $60.28 and a 200-day simple moving average of $64.94.

TJX Companies (NYSE:TJXGet Rating) last issued its quarterly earnings data on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. TJX Companies had a return on equity of 61.28% and a net margin of 6.69%. The business had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $11.58 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue was up 13.1% on a year-over-year basis. As a group, research analysts anticipate that The TJX Companies, Inc. will post 3.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Wednesday, August 10th. TJX Companies’s payout ratio is 42.91%.

TJX Companies Profile (Get Rating)

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

Further Reading

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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