The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Sather Financial Group Inc

Sather Financial Group Inc decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,360 shares of the apparel and home fashions retailer’s stock after selling 186 shares during the quarter. TJX Companies comprises about 0.4% of Sather Financial Group Inc’s portfolio, making the stock its 27th biggest position. Sather Financial Group Inc’s holdings in TJX Companies were worth $5,324,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TJX. Norges Bank acquired a new stake in shares of TJX Companies in the 4th quarter worth $1,193,438,000. Price T Rowe Associates Inc. MD boosted its position in shares of TJX Companies by 35.9% in the 1st 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 purchasing an additional 3,255,849 shares in the last quarter. PineStone Asset Management Inc. lifted its position in 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 worth $602,004,000 after acquiring an additional 3,132,960 shares during the period. Vanguard Group Inc. lifted its position in 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 worth $9,886,073,000 after acquiring an additional 1,269,792 shares during the period. Finally, Canoe Financial LP lifted its position in 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 worth $104,344,000 after acquiring an additional 1,107,287 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares in the company, valued at approximately $5,042,756.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now directly owns 23,470 shares in the company, valued at approximately $2,395,582.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $110.00 to $128.00 in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research report on Tuesday, May 21st. TD Cowen lifted their price target on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America lifted their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Price Performance

Shares of TJX Companies stock traded up $0.47 on Friday, hitting $119.47. The company’s stock had a trading volume of 4,406,461 shares, compared to its average volume of 5,450,156. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.06. The firm has a fifty day moving average price of $112.08 and a 200-day moving average price of $103.43. The company has a market capitalization of $135.02 billion, a price-to-earnings ratio of 29.65, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the business earned $0.85 EPS. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.12 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.26%. TJX Companies’s dividend payout ratio (DPR) is currently 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.