Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Trims Stake in The TJX Companies, Inc. (NYSE:TJX)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,149 shares of the apparel and home fashions retailer’s stock after selling 4,523 shares during the quarter. TJX Companies makes up 2.0% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s portfolio, making the stock its 22nd biggest position. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in TJX Companies were worth $16,931,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of TJX Companies by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock valued at $11,998,201,000 after purchasing an additional 578,948 shares during the last quarter. Geode Capital Management LLC increased its stake in TJX Companies by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock worth $2,930,965,000 after buying an additional 464,995 shares in the last quarter. Capital International Investors raised its holdings in TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock valued at $1,769,600,000 after acquiring an additional 626,739 shares during the period. Northern Trust Corp lifted its holdings in TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Finally, Norges Bank bought a new position in shares of TJX Companies during the fourth quarter worth $1,670,565,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Thursday, February 27th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $128.00 to $140.00 in a research report on Thursday, April 3rd. Barclays raised their price target on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets increased their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $136.82.

Insider Buying and Selling at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Up 1.3%

TJX Companies stock opened at $135.05 on Tuesday. The firm has a market capitalization of $150.86 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $97.53 and a twelve month high of $135.62. The stock’s fifty day simple moving average is $124.69 and its 200-day simple moving average is $123.19.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.26%. TJX Companies’s payout ratio is 39.91%.

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.