Capital Asset Advisory Services LLC Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Capital Asset Advisory Services LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 9.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,362 shares of the apparel and home fashions retailer’s stock after selling 686 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in TJX Companies were worth $616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Norges Bank purchased a new stake in TJX Companies in the fourth quarter valued at about $1,193,438,000. Schroder Investment Management Group raised its stake in TJX Companies by 350.9% in the third quarter. Schroder Investment Management Group now owns 2,078,244 shares of the apparel and home fashions retailer’s stock valued at $184,714,000 after buying an additional 1,617,367 shares during the last quarter. Nordea Investment Management AB raised its stake in TJX Companies by 23.2% in the fourth quarter. Nordea Investment Management AB now owns 5,881,507 shares of the apparel and home fashions retailer’s stock valued at $554,156,000 after buying an additional 1,107,937 shares during the last quarter. Canoe Financial LP raised its stake in TJX Companies by 22,145.7% in the fourth quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock valued at $104,344,000 after buying an additional 1,107,287 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of TJX Companies by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 96,206,766 shares of the apparel and home fashions retailer’s stock valued at $9,025,157,000 after purchasing an additional 1,071,078 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, 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 available at this link. In other news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, 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 available at this link. Also, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TJX. Robert W. Baird increased their price objective on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. UBS Group increased their price objective on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Evercore ISI set a $113.00 price objective on TJX Companies in a report on Tuesday, May 21st. Finally, Barclays increased their price objective on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.37.

TJX Companies Stock Down 0.4 %

Shares of TJX opened at $110.10 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a 12 month low of $82.25 and a 12 month high of $111.79. The stock’s 50 day moving average is $102.48 and its two-hundred day moving average is $98.21. The firm has a market cap of $124.43 billion, a P/E ratio of 27.32, a PEG ratio of 2.96 and a beta of 0.87.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same period last year, the company earned $0.76 earnings per share. TJX Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. Analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

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.