Tidal Investments LLC Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Tidal Investments LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 15.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,485 shares of the apparel and home fashions retailer’s stock after selling 11,975 shares during the quarter. Tidal Investments LLC’s holdings in TJX Companies were worth $6,540,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Norges Bank acquired a new stake in TJX Companies in the fourth quarter valued at about $1,193,438,000. Price T Rowe Associates Inc. MD lifted its position in shares of TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after acquiring an additional 3,255,849 shares during the period. Vanguard Group Inc. lifted its position 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 acquiring an additional 1,269,792 shares during the period. Canoe Financial LP lifted its position 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 acquiring an additional 1,107,287 shares during the period. Finally, Schroder Investment Management Group grew its stake in TJX Companies by 52.3% in the 4th quarter. Schroder Investment Management Group now owns 3,164,369 shares of the apparel and home fashions retailer’s stock worth $296,849,000 after acquiring an additional 1,086,125 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TJX. TD Cowen lifted their target price on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Loop Capital boosted their price objective on shares of TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Sanford C. Bernstein boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Morgan Stanley boosted their price objective on shares of TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Finally, Telsey Advisory Group lifted their target price on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $112.67.

Insider Buying and Selling

In related 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 value of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 110,893 shares in the company, valued at approximately $11,089,300. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,003 shares of company stock valued at $5,060,941. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX traded down $0.14 on Thursday, hitting $112.88. The stock had a trading volume of 716,061 shares, compared to its average volume of 5,358,292. The TJX Companies, Inc. has a one year low of $85.27 and a one year high of $115.35. 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 stock has a market cap of $127.57 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 3.03 and a beta of 0.88. The company’s 50-day moving average is $109.54 and its two-hundred day moving average is $101.49.

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

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

TJX Companies 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.