The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Bull Street Advisors LLC

by · The Cerbat Gem

Bull Street Advisors LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJXFree Report) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,082 shares of the apparel and home fashions retailer’s stock after selling 135 shares during the quarter. TJX Companies accounts for approximately 4.2% of Bull Street Advisors LLC’s portfolio, making the stock its largest holding. Bull Street Advisors LLC’s holdings in TJX Companies were worth $8,780,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in TJX Companies by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock worth $11,998,201,000 after purchasing an additional 578,948 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock worth $2,930,965,000 after purchasing an additional 464,995 shares in the last quarter. Capital International Investors increased its position in shares of TJX Companies by 4.5% during the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock valued at $1,769,600,000 after purchasing an additional 626,739 shares during the last quarter. Northern Trust Corp increased its position in shares of TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock valued at $1,689,628,000 after purchasing an additional 1,845,225 shares during the last quarter. Finally, Norges Bank bought a new stake in TJX Companies in the 4th quarter worth approximately $1,670,565,000. 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 the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Cowen reiterated a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Finally, TD Securities boosted their target price on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $141.53.

Check Out Our Latest Stock Report on TJX Companies

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $122.35 on Friday. 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 $127.30 and its 200 day moving average price is $124.05. The company has a market cap of $136.68 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 2.90 and a beta of 0.90. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85.

TJX Companies (NYSE:TJXGet Free Report) last posted its 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. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies’s payout ratio is 40.00%.

About TJX Companies

(Free Report)

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.

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