The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 750,048 shares of the apparel and home fashions retailer’s stock after selling 254 shares during the quarter. Lord Abbett & CO. LLC’s holdings in TJX Companies were worth $91,356,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of TJX Companies by 8.9% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 281,868 shares of the apparel and home fashions retailer’s stock worth $34,332,000 after buying an additional 23,000 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in TJX Companies during the 1st quarter worth about $1,827,000. Boston Partners grew its stake in TJX Companies by 3.1% during the 1st quarter. Boston Partners now owns 29,516 shares of the apparel and home fashions retailer’s stock valued at $3,595,000 after purchasing an additional 888 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. acquired a new position in shares of TJX Companies in the first quarter valued at about $293,000. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of TJX Companies by 7.8% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,207 shares of the apparel and home fashions retailer’s stock worth $147,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $134.07 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The business’s 50 day moving average price is $125.72 and its 200 day moving average price is $124.99. The company has a market cap of $149.77 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 3.11 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same quarter in the prior year, the company posted $0.93 EPS. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current 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 given a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. TJX Companies’s dividend payout ratio (DPR) is currently 40.00%.

Analyst Ratings Changes

Several research firms have recently commented on TJX. Robert W. Baird upped their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Barclays reissued an “overweight” rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Daiwa America raised TJX Companies to a “strong-buy” rating in a report on Tuesday, July 8th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Daiwa Capital Markets assumed coverage on shares of TJX Companies in a report on Tuesday, July 8th. They set an “outperform” rating and a $133.00 target price for the company. One analyst has rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus price target of $141.33.

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.