Border to Coast Pensions Partnership Ltd Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Border to Coast Pensions Partnership Ltd lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 380,737 shares of the apparel and home fashions retailer’s stock after selling 18,087 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in TJX Companies were worth $46,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shell Asset Management Co. lifted its stake in TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock worth $3,524,000 after purchasing an additional 4,128 shares in the last quarter. Pathstone Holdings LLC lifted its stake in TJX Companies by 10.1% during the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock worth $88,992,000 after acquiring an additional 67,853 shares in the last quarter. Ethic Inc. boosted its holdings in TJX Companies by 21.1% during the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after acquiring an additional 29,158 shares during the period. Fiduciary Trust Co grew its position in TJX Companies by 5.2% in the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after acquiring an additional 144,113 shares in the last quarter. Finally, Pennington Partners & CO. LLC purchased a new stake in TJX Companies during the fourth quarter worth about $257,000. Hedge funds and other 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 business’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now directly owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Down 0.1%

TJX opened at $122.35 on Friday. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The stock has a market capitalization of $136.68 billion, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 2.90 and a beta of 0.90. The business’s 50-day simple moving average is $127.30 and its 200-day simple moving average is $124.05.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research reports. Wells Fargo & Company restated an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. Robert W. Baird lifted their target price on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.53.

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.