Pensioenfonds Rail & OV Has $36.55 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Pensioenfonds Rail & OV reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 34.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 360,383 shares of the apparel and home fashions retailer’s stock after selling 192,406 shares during the quarter. TJX Companies comprises 2.6% of Pensioenfonds Rail & OV’s portfolio, making the stock its 25th biggest position. Pensioenfonds Rail & OV’s holdings in TJX Companies were worth $36,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of TJX. Dynamic Advisor Solutions LLC lifted its holdings in shares of TJX Companies by 12.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 29,230 shares of the apparel and home fashions retailer’s stock valued at $2,965,000 after purchasing an additional 3,218 shares in the last quarter. CGN Advisors LLC lifted its stake in TJX Companies by 5.0% in the 1st quarter. CGN Advisors LLC now owns 13,356 shares of the apparel and home fashions retailer’s stock valued at $1,355,000 after acquiring an additional 639 shares in the last quarter. Nova R Wealth Inc. bought a new stake in TJX Companies in the 1st quarter valued at approximately $356,000. Navalign LLC lifted its stake in TJX Companies by 1.3% in the 1st quarter. Navalign LLC now owns 12,347 shares of the apparel and home fashions retailer’s stock valued at $1,252,000 after acquiring an additional 164 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new stake in TJX Companies in the 1st quarter valued at approximately $9,737,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Down 0.1 %

Shares of TJX traded down $0.13 during mid-day trading on Wednesday, reaching $110.54. 5,684,327 shares of the company were exchanged, compared to its average volume of 5,530,816. The stock has a market capitalization of $124.93 billion, a PE ratio of 27.49, a PEG ratio of 2.96 and a beta of 0.87. The business has a 50 day simple moving average of $101.44 and a two-hundred day simple moving average of $97.90. 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 52 week low of $82.25 and a 52 week high of $111.79.

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

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. TJX Companies’s payout ratio is 37.22%.

Insider Activity at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $11,089,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock valued at $5,060,941 over the last 90 days. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of several recent analyst reports. TD Cowen boosted their price target on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Sanford C. Bernstein boosted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research report on Tuesday, May 21st. Robert W. Baird boosted their price target on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Evercore ISI set a $113.00 price target on TJX Companies in a research report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.37.

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.