Sumitomo Mitsui Trust Holdings Inc. Sells 24,055 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sumitomo Mitsui Trust Holdings Inc. cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,807,678 shares of the apparel and home fashions retailer’s stock after selling 24,055 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.25% of TJX Companies worth $284,755,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Running Oak Capital LLC boosted its position in TJX Companies by 10.9% during the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after acquiring an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in shares of TJX Companies by 15.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after purchasing an additional 9,500 shares during the period. Ferguson Wellman Capital Management Inc. boosted its position in shares of TJX Companies by 3.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after purchasing an additional 21,767 shares in the last quarter. Savoir Faire Capital Management L.P. acquired a new stake in TJX Companies during the third quarter worth approximately $3,197,000. Finally, Gateway Investment Advisers LLC increased its holdings in TJX Companies by 42.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock worth $1,793,000 after purchasing an additional 5,737 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TJX shares. Robert W. Baird increased their price target on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Loop Capital lifted their price target on shares of TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday. Telsey Advisory Group upped their price objective on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Finally, TD Cowen raised their target price on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

Insider Buying and Selling

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,003 shares of company stock worth $5,060,941. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.2 %

Shares of TJX stock opened at $110.39 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The company has a market capitalization of $124.76 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.95 and a beta of 0.88. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79. The company has a 50-day simple moving average of $103.12 and a two-hundred day simple moving average of $98.59.

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

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.36%. TJX Companies’s payout ratio is currently 37.22%.

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.