iA Global Asset Management Inc. Sells 20,556 Shares of The TJX Companies, Inc. (NYSE:TJX)

iA Global Asset Management Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 21.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,162 shares of the apparel and home fashions retailer’s stock after selling 20,556 shares during the quarter. iA Global Asset Management Inc.’s holdings in TJX Companies were worth $7,420,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Running Oak Capital LLC lifted its holdings in shares of 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 worth $11,358,000 after buying an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board grew its stake in TJX Companies by 15.9% during the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after buying an additional 9,500 shares in the last quarter. Options Solutions LLC acquired a new stake in TJX Companies during the fourth quarter worth about $726,000. Advisors Capital Management LLC increased its holdings in TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock valued at $58,045,000 after buying an additional 20,629 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at approximately $269,000. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Robert W. Baird boosted 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. Barclays raised their price objective on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research note on Tuesday, May 21st. Finally, Sanford C. Bernstein raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $112.67.

TJX Companies Trading Up 0.6 %

Shares of NYSE:TJX traded up $0.64 during trading on Thursday, reaching $113.66. The stock had a trading volume of 2,962,139 shares, compared to its average volume of 5,374,501. The TJX Companies, Inc. has a 52 week low of $85.27 and a 52 week high of $115.35. 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 firm’s fifty day moving average is $109.54 and its 200 day moving average is $101.49. The stock has a market cap of $128.45 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 3.03 and a beta of 0.88.

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 business 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 business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction that occurred 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 directly owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 in the last quarter. 0.13% of the stock is currently owned by company insiders.

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.