PGGM Investments Grows Position in The TJX Companies, Inc. (NYSE:TJX)

PGGM Investments boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 15.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 164,726 shares of the apparel and home fashions retailer’s stock after purchasing an additional 22,509 shares during the period. PGGM Investments’ holdings in TJX Companies were worth $18,136,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Norges Bank bought a new stake in TJX Companies during the fourth quarter worth approximately $1,193,438,000. Price T Rowe Associates Inc. MD lifted its holdings in TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after buying an additional 3,255,849 shares during the period. PineStone Asset Management Inc. lifted its holdings in shares of TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after purchasing an additional 3,132,960 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after purchasing an additional 1,269,792 shares during the last quarter. Finally, Canoe Financial LP lifted its holdings in shares of TJX Companies by 22,145.7% during the 4th quarter. Canoe Financial LP now owns 1,112,287 shares of the apparel and home fashions retailer’s stock valued at $104,344,000 after purchasing an additional 1,107,287 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TJX shares. BMO Capital Markets raised their target price on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Robert W. Baird raised their target price on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” 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 note on Tuesday, May 21st. Barclays lifted their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Finally, Morgan Stanley lifted their target price on shares of TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.39.

Insider Activity

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the transaction, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated 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 directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Down 1.8 %

Shares of TJX stock traded down $2.00 during trading hours on Wednesday, reaching $109.04. 7,077,842 shares of the stock traded hands, compared to its average volume of 5,383,337. The TJX Companies, Inc. has a 1-year low of $85.44 and a 1-year high of $115.35. The business has a fifty day moving average price of $110.98 and a 200 day moving average price of $102.56. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $123.23 billion, a PE ratio of 27.06, a PEG ratio of 2.95 and a beta of 0.88.

TJX Companies (NYSE:TJX) last posted its earnings results 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. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.11 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

About TJX Companies

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.