Acadian Asset Management LLC Sells 52,594 Shares of The TJX Companies, Inc. (NYSE:TJX)

Acadian Asset Management LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 611,770 shares of the apparel and home fashions retailer’s stock after selling 52,594 shares during the quarter. Acadian Asset Management LLC owned 0.05% of TJX Companies worth $62,030,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Bedel Financial Consulting Inc. lifted its holdings in shares of TJX Companies by 3.4% in the 4th quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock worth $299,000 after purchasing an additional 104 shares in the last quarter. TRUE Private Wealth Advisors boosted its position in TJX Companies by 3.7% during the first quarter. TRUE Private Wealth Advisors now owns 2,932 shares of the apparel and home fashions retailer’s stock worth $297,000 after purchasing an additional 104 shares during the period. Tandem Investment Advisors Inc. boosted its holdings in TJX Companies by 1.8% in the 4th quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock worth $548,000 after buying an additional 106 shares during the period. TCI Wealth Advisors Inc. grew its position in shares of TJX Companies by 2.6% in the first quarter. TCI Wealth Advisors Inc. now owns 4,214 shares of the apparel and home fashions retailer’s stock valued at $427,000 after purchasing an additional 106 shares in the last quarter. Finally, Alhambra Investment Management LLC lifted its holdings in shares of TJX Companies by 2.0% in the fourth quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock worth $510,000 after buying an additional 108 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Trading Down 1.1 %

NYSE:TJX traded down $1.28 on Friday, reaching $111.75. 5,722,025 shares of the company’s stock were exchanged, compared to its average volume of 4,941,217. The TJX Companies, Inc. has a 52-week low of $85.27 and a 52-week high of $115.35. The business has a fifty day moving average of $107.39 and a 200-day moving average of $100.48. The firm has a market capitalization of $126.29 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. As a group, analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold 50,003 shares of company stock valued at $5,060,941 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. Loop Capital increased their target price on shares of TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. UBS Group upped their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Morgan Stanley raised their price objective on TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research report on Tuesday, May 21st. Finally, TD Cowen boosted their price target on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.67.

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.