New World Advisors LLC Has $346.04 Million Position in The TJX Companies, Inc. (NYSE:TJX)

New World Advisors LLC reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,841,038 shares of the apparel and home fashions retailer’s stock after selling 13,497 shares during the quarter. TJX Companies accounts for 78.4% of New World Advisors LLC’s portfolio, making the stock its biggest holding. New World Advisors LLC owned about 0.25% of TJX Companies worth $346,038,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Shell Asset Management Co. grew its stake in shares of TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock worth $3,524,000 after acquiring an additional 4,128 shares during the period. Pathstone Holdings LLC grew its position in TJX Companies by 10.1% in the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock worth $88,992,000 after purchasing an additional 67,853 shares during the period. Ethic Inc. grew its position in TJX Companies by 21.1% in the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock worth $20,196,000 after purchasing an additional 29,158 shares during the period. Fiduciary Trust Co raised its stake in TJX Companies by 5.2% during the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after buying an additional 144,113 shares during the last quarter. Finally, Pennington Partners & CO. LLC bought a new position in shares of TJX Companies during the 4th quarter valued at $257,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director now owns 22,712 shares of the company’s stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $122.59 on Thursday. The company has a market capitalization of $136.95 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 2.95 and a beta of 0.90. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock’s 50-day simple moving average is $127.40 and its 200-day simple moving average is $124.07. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter last year, the company earned $0.93 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. TJX Companies’s dividend payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. Loop Capital set a $150.00 price objective on TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, June 2nd. TD Securities increased their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. Cowen restated a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of TJX Companies in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $141.53.

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.