Desjardins Global Asset Management Inc. Has $4.39 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Desjardins Global Asset Management Inc. trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,754 shares of the apparel and home fashions retailer’s stock after selling 1,527 shares during the period. Desjardins Global Asset Management Inc.’s holdings in TJX Companies were worth $4,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new position in TJX Companies during the fourth quarter worth $28,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in TJX Companies during the third quarter worth $29,000. BKM Wealth Management LLC acquired a new position in TJX Companies during the fourth quarter worth $30,000. ICA Group Wealth Management LLC bought a new position in TJX Companies during the fourth quarter worth $27,000. Finally, Cornerstone Planning Group LLC bought a new position in TJX Companies during the second quarter worth $33,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on TJX shares. UBS Group lifted their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets lifted their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Redburn Atlantic cut shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research report on Monday, February 5th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $102.19.

TJX Companies Price Performance

NYSE TJX traded up $0.75 during trading on Tuesday, hitting $93.73. 2,512,032 shares of the company’s stock were exchanged, compared to its average volume of 5,027,740. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The company has a market cap of $106.19 billion, a PE ratio of 24.09, a P/E/G ratio of 2.43 and a beta of 0.86. The TJX Companies, Inc. has a fifty-two week low of $75.65 and a fifty-two week high of $102.84. The stock’s 50 day moving average price is $97.97 and its two-hundred day moving average price is $93.57.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The firm had revenue of $16.41 billion during the quarter, compared to the consensus estimate of $16.20 billion. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.89 earnings per share. Research analysts expect that The TJX Companies, Inc. will post 4.07 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.375 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.50 annualized dividend and a yield of 1.60%. TJX Companies’s payout ratio is presently 34.46%.

TJX Companies declared that its board has initiated a stock buyback plan on Wednesday, February 28th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

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.