Jensen Investment Management Inc. Sells 447,333 Shares of The TJX Companies, Inc. (NYSE:TJX)

Jensen Investment Management Inc. cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 89.7% during the 4th quarter, Holdings Channel reports. The firm owned 51,324 shares of the apparel and home fashions retailer’s stock after selling 447,333 shares during the period. Jensen Investment Management Inc.’s holdings in TJX Companies were worth $4,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in TJX Companies by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 95,135,688 shares of the apparel and home fashions retailer’s stock valued at $8,455,660,000 after acquiring an additional 392,783 shares in the last quarter. FMR LLC raised its stake in TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after purchasing an additional 6,036,764 shares in the last quarter. Morgan Stanley lifted its position in TJX Companies by 1.5% during the third quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock worth $2,200,045,000 after purchasing an additional 371,163 shares during the period. Northern Trust Corp grew its stake in TJX Companies by 2.3% during the third quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer’s stock worth $1,220,690,000 after buying an additional 313,530 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $1,193,438,000. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. UBS Group boosted their target price on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research report on Tuesday, May 21st. Sanford C. Bernstein upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. TD Cowen boosted their price objective on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Robert W. Baird increased their target price on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.05.

TJX Companies Trading Down 0.7 %

NYSE TJX traded down $0.72 during trading hours on Tuesday, hitting $101.42. 5,047,995 shares of the company’s stock were exchanged, compared to its average volume of 5,242,215. The firm has a market cap of $114.91 billion, a price-to-earnings ratio of 25.17, a PEG ratio of 2.73 and a beta of 0.87. The stock has a 50-day simple moving average of $97.45 and a 200 day simple moving average of $95.30. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a 1-year low of $75.65 and a 1-year high of $104.98.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter last year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.48%. TJX Companies’s payout ratio is currently 37.22%.

TJX Companies announced that its board has initiated a stock buyback program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 2.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares in the company, valued at $4,968,480.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the transaction, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. Insiders have sold 63,026 shares of company stock valued at $6,322,448 over the last ninety days. 0.13% of the stock is owned by company insiders.

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.