Franklin Street Advisors Inc. NC Sells 3,600 Shares of The TJX Companies, Inc. (NYSE:TJX)

Franklin Street Advisors Inc. NC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 206,017 shares of the apparel and home fashions retailer’s stock after selling 3,600 shares during the period. TJX Companies accounts for 1.8% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 19th biggest holding. Franklin Street Advisors Inc. NC’s holdings in TJX Companies were worth $25,093,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bogart Wealth LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $25,000. Millstone Evans Group LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $30,000. Promus Capital LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $32,000. Tacita Capital Inc acquired a new position in shares of TJX Companies during the fourth quarter worth $38,000. Finally, Rialto Wealth Management LLC lifted its holdings in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director now directly owns 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 SEC, which is available at this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

Shares of NYSE TJX opened at $126.07 on Wednesday. The firm’s 50-day moving average price is $127.67 and its 200-day moving average price is $124.22. The TJX Companies, Inc. has a 1-year low of $106.18 and a 1-year high of $135.85. The firm has a market capitalization of $140.83 billion, a P/E ratio of 29.66, a P/E/G ratio of 2.75 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.35%. TJX Companies’s payout ratio is presently 40.00%.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent research reports. UBS Group reiterated a “buy” rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, June 2nd. TD Securities boosted their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $141.53.

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.