Haverford Financial Services Inc. cut its holdings in shares of TJX Companies (NYSE:TJX) by 2.0% during the 1st quarter, Holdings Channel reports. The firm owned 112,227 shares of the apparel and home fashions retailer’s stock after selling 2,249 shares during the quarter. TJX Companies comprises approximately 3.5% of Haverford Financial Services Inc.’s holdings, making the stock its 10th biggest position. Haverford Financial Services Inc.’s holdings in TJX Companies were worth $9,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of TJX Companies by 0.9% in the fourth quarter. BlackRock Inc. now owns 45,354,058 shares of the apparel and home fashions retailer’s stock worth $3,467,773,000 after buying an additional 425,832 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of TJX Companies by 3.9% in the fourth quarter. Bank of New York Mellon Corp now owns 19,328,384 shares of the apparel and home fashions retailer’s stock worth $1,477,847,000 after buying an additional 728,422 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of TJX Companies by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 7,118,209 shares of the apparel and home fashions retailer’s stock worth $543,162,000 after buying an additional 211,836 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of TJX Companies by 5.6% in the fourth quarter. Alliancebernstein L.P. now owns 7,095,183 shares of the apparel and home fashions retailer’s stock worth $542,498,000 after buying an additional 376,424 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of TJX Companies by 1.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 6,112,104 shares of the apparel and home fashions retailer’s stock worth $467,331,000 after buying an additional 95,862 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

In other TJX Companies news, Director Amy B. Lane sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $82.81, for a total transaction of $82,810.00. Following the transaction, the director now directly owns 15,998 shares in the company, valued at $1,324,794.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $84.00, for a total transaction of $840,000.00. The disclosure for this sale can be found here. Insiders have sold 114,199 shares of company stock worth $9,532,558 over the last quarter. Company insiders own 0.22% of the company’s stock.

Shares of TJX opened at $86.27 on Friday. The company has a market capitalization of $53.41 billion, a P/E ratio of 21.09, a P/E/G ratio of 1.71 and a beta of 0.66. The company has a current ratio of 1.66, a quick ratio of 0.84 and a debt-to-equity ratio of 0.43. TJX Companies has a 1-year low of $85.18 and a 1-year high of $87.27.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.10. The business had revenue of $10.96 billion for the quarter, compared to the consensus estimate of $10.75 billion. TJX Companies had a net margin of 7.27% and a return on equity of 55.23%. TJX Companies’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. analysts anticipate that TJX Companies will post 4.83 EPS for the current fiscal year.

TJX Companies declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 28th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the apparel and home fashions retailer to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 7th. Shareholders of record on Thursday, May 17th will be given a dividend of $0.39 per share. This is a boost from TJX Companies’s previous quarterly dividend of $0.31. This represents a $1.56 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Wednesday, May 16th. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.

A number of equities research analysts have recently issued reports on TJX shares. Northcoast Research set a $90.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Friday, March 2nd. Deutsche Bank increased their price target on shares of TJX Companies from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Cowen set a $92.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Thursday, March 1st. Royal Bank of Canada set a $91.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Thursday, March 1st. Finally, BMO Capital Markets set a $94.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Thursday, March 1st. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $87.75.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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