Lord Abbett & CO. LLC Cuts Stake in The TJX Companies, Inc. (NYSE:TJX)

Lord Abbett & CO. LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 750,048 shares of the apparel and home fashions retailer’s stock after selling 254 shares during the quarter. Lord Abbett & CO. LLC owned about 0.07% of TJX Companies worth $91,356,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted its holdings in shares of TJX Companies by 16.5% during the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock valued at $3,524,000 after purchasing an additional 4,128 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of TJX Companies by 10.1% in the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock worth $88,992,000 after buying an additional 67,853 shares in the last quarter. Ethic Inc. boosted its stake in TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after buying an additional 29,158 shares during the last quarter. Fiduciary Trust Co grew its holdings in TJX Companies by 5.2% during the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after buying an additional 144,113 shares in the last quarter. Finally, Pinnacle Financial Partners Inc grew its holdings in TJX Companies by 2.2% during the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer’s stock valued at $46,989,000 after buying an additional 8,319 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX stock opened at $134.07 on Thursday. The company has a market capitalization of $149.77 billion, a P/E ratio of 31.55, a P/E/G ratio of 3.11 and a beta of 0.89. The company’s 50-day simple moving average is $125.72 and its two-hundred day simple moving average is $124.99. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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 issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director owned 22,712 shares of the company’s stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

TJX has been the topic of several recent research reports. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Barclays reaffirmed an “overweight” rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Macquarie reissued a “buy” rating on shares of TJX Companies in a research note on Monday. Cowen restated a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. Finally, Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, TJX Companies has an average rating of “Buy” and a consensus price target of $141.33.

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.