BNP PARIBAS ASSET MANAGEMENT Holding S.A. Lowers Stock Position in The TJX Companies, Inc. (NYSE:TJX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 30.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,222,413 shares of the apparel and home fashions retailer’s stock after selling 966,729 shares during the period. TJX Companies comprises 0.6% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s investment portfolio, making the stock its 22nd biggest holding. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.20% of TJX Companies worth $244,687,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of TJX Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after buying an additional 1,269,792 shares during the period. Royal Bank of Canada boosted its position in TJX Companies by 7.9% in the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock valued at $1,333,913,000 after buying an additional 1,046,148 shares during the period. Janus Henderson Group PLC grew its stake in shares of TJX Companies by 2.7% in the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after acquiring an additional 346,938 shares in the last quarter. Norges Bank purchased a new stake in shares of TJX Companies during the fourth quarter worth $1,193,438,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Morgan Stanley increased their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Evercore ISI raised their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Jefferies Financial Group increased their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Performance

Shares of TJX stock traded down $0.12 during trading hours on Friday, hitting $117.25. The stock had a trading volume of 6,369,525 shares, compared to its average volume of 5,430,519. The stock’s 50 day moving average is $112.79 and its 200 day moving average is $104.02. The firm has a market capitalization of $132.51 billion, a PE ratio of 29.09, a PEG ratio of 3.04 and a beta of 0.88. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period last year, the firm posted $0.85 EPS. TJX Companies’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is presently 37.22%.

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.