Longview Partners Guernsey LTD Has $647.52 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Longview Partners Guernsey LTD lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 15.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,881,194 shares of the apparel and home fashions retailer’s stock after selling 1,061,980 shares during the quarter. TJX Companies makes up about 4.8% of Longview Partners Guernsey LTD’s holdings, making the stock its 6th biggest holding. Longview Partners Guernsey LTD’s holdings in TJX Companies were worth $647,519,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Price T Rowe Associates Inc. MD lifted its position in TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after acquiring an additional 3,255,849 shares in the last quarter. PineStone Asset Management Inc. lifted its position in TJX Companies by 134.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after acquiring an additional 3,132,960 shares in the last quarter. Capital Wealth Planning LLC bought a new position in TJX Companies in the 2nd quarter valued at approximately $315,698,000. Los Angeles Capital Management LLC lifted its position in TJX Companies by 80.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after acquiring an additional 1,313,517 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in TJX Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after acquiring an additional 1,269,792 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX Companies stock opened at $117.90 on Friday. The firm has a 50 day simple moving average of $114.83 and a 200-day simple moving average of $106.15. The TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a market cap of $133.24 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter last year, the company posted $0.85 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.27%. TJX Companies’s dividend payout ratio is currently 37.22%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TJX shares. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. TD Cowen increased their price target on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Loop Capital increased their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group increased their price target on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $126.76.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Company 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.