AGF Management Ltd. Sells 42,449 Shares of The TJX Companies, Inc. (NYSE:TJX)

AGF Management Ltd. decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,494,648 shares of the apparel and home fashions retailer’s stock after selling 42,449 shares during the quarter. TJX Companies accounts for approximately 1.0% of AGF Management Ltd.’s investment portfolio, making the stock its 22nd largest position. AGF Management Ltd. owned 0.13% of TJX Companies worth $182,048,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new stake in shares of TJX Companies during the 1st quarter worth approximately $1,330,717,000. GAMMA Investing LLC increased its stake in TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer’s stock valued at $354,696,000 after acquiring an additional 2,892,151 shares during the last quarter. Capital Research Global Investors raised its position in TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock valued at $313,512,000 after purchasing an additional 2,266,415 shares in the last quarter. Northern Trust Corp raised its position in TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock valued at $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer’s stock worth $1,486,074,000 after purchasing an additional 1,403,561 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TJX shares. Barclays reiterated an “overweight” rating and issued a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 21st. Morgan Stanley set a $140.00 target price on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Finally, BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Buy” and an average price target of $141.06.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company’s stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Trading Down 0.3%

TJX opened at $131.64 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The company’s 50 day moving average price is $125.41 and its two-hundred day moving average price is $124.80. The firm has a market capitalization of $147.06 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 3.07 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share 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 net margin of 8.47% and a return on equity of 58.81%. TJX Companies’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio (DPR) is 40.00%.

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.