Smithbridge Asset Management Inc. DE Has $8.94 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Smithbridge Asset Management Inc. DE reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 81,191 shares of the apparel and home fashions retailer's stock after selling 6,253 shares during the period. TJX Companies comprises 1.9% of Smithbridge Asset Management Inc. DE's holdings, making the stock its 14th largest position. Smithbridge Asset Management Inc. DE's holdings in TJX Companies were worth $8,939,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TJX. Capital Analysts LLC grew its position in shares of TJX Companies by 2.5% during the 4th quarter. Capital Analysts LLC now owns 5,939 shares of the apparel and home fashions retailer's stock worth $558,000 after purchasing an additional 145 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of TJX Companies by 9.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 119,994 shares of the apparel and home fashions retailer's stock valued at $11,256,000 after acquiring an additional 9,895 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its position in TJX Companies by 76.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,696 shares of the apparel and home fashions retailer's stock worth $253,000 after acquiring an additional 1,168 shares during the last quarter. AIA Group Ltd increased its holdings in TJX Companies by 33.2% in the 4th quarter. AIA Group Ltd now owns 49,200 shares of the apparel and home fashions retailer's stock worth $4,615,000 after purchasing an additional 12,276 shares in the last quarter. Finally, Xponance Inc. increased its holdings in TJX Companies by 1.1% in the 4th quarter. Xponance Inc. now owns 266,331 shares of the apparel and home fashions retailer's stock worth $24,985,000 after purchasing an additional 2,996 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TJX shares. Loop Capital boosted their price objective on shares of TJX Companies from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, July 3rd. TD Cowen upped their target price on TJX Companies from $119.00 to $120.00 and gave the company a "buy" rating in a report on Friday, May 17th. The Goldman Sachs Group raised shares of TJX Companies from a "neutral" rating to a "buy" rating and increased their target price for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. UBS Group boosted their price target on shares of TJX Companies from $132.00 to $134.00 and gave the stock a "buy" rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird increased their price objective on shares of TJX Companies from $110.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.79.

TJX Companies Trading Down 0.0 %

Shares of NYSE:TJX traded down $0.03 during mid-day trading on Friday, hitting $111.45. The company had a trading volume of 4,656,333 shares, compared to its average volume of 5,384,507. The firm has a fifty day moving average price of $111.15 and a 200 day moving average price of $102.82. The company has a market capitalization of $125.96 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 2.90 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $115.35.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The company had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. TJX Companies's revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 EPS. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.12 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.35%. TJX Companies's payout ratio is 37.22%.

Insiders Place Their Bets

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the company's stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the transaction, the executive vice president now owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction dated 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the sale, the chief executive officer now owns 571,148 shares of the company's stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,003 shares of company stock worth $5,060,941. Insiders own 0.13% of the company's stock.

TJX Companies Company 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.