Jennison Associates LLC Has $848.10 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Jennison Associates LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,040,661 shares of the apparel and home fashions retailer’s stock after selling 13,576 shares during the quarter. Jennison Associates LLC’s holdings in TJX Companies were worth $848,104,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in TJX Companies by 6.2% during the third quarter. International Assets Investment Management LLC now owns 10,446 shares of the apparel and home fashions retailer’s stock worth $920,000 after acquiring an additional 613 shares in the last quarter. IFP Advisors Inc boosted its stake in TJX Companies by 11.8% during the third quarter. IFP Advisors Inc now owns 5,153 shares of the apparel and home fashions retailer’s stock worth $458,000 after acquiring an additional 542 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of TJX Companies by 9.2% in the third quarter. Global Retirement Partners LLC now owns 9,420 shares of the apparel and home fashions retailer’s stock valued at $829,000 after buying an additional 790 shares in the last quarter. RFG Advisory LLC lifted its stake in shares of TJX Companies by 60.2% in the third quarter. RFG Advisory LLC now owns 5,902 shares of the apparel and home fashions retailer’s stock valued at $525,000 after buying an additional 2,218 shares in the last quarter. Finally, Douglas Lane & Associates LLC bought a new position in shares of TJX Companies in the third quarter valued at $220,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of TJX stock traded up $0.37 during trading hours on Monday, reaching $93.73. The stock had a trading volume of 977,378 shares, compared to its average volume of 4,983,356. The stock’s fifty day simple moving average is $97.58 and its 200 day simple moving average is $93.70. 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 TJX Companies, Inc. has a 12 month low of $75.65 and a 12 month high of $102.84. The firm has a market capitalization of $106.19 billion, a PE ratio of 24.19, a PEG ratio of 2.40 and a beta of 0.86.

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

TJX Companies declared that its Board of Directors has approved a stock repurchase program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

TJX Companies Increases Dividend

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

Insider Buying and Selling at TJX Companies

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

Analyst Ratings Changes

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

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.