Fairvoy Private Wealth LLC Sells 113 Shares of The TJX Companies, Inc. (NYSE:TJX)

Fairvoy Private Wealth LLC reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,478 shares of the apparel and home fashions retailer’s stock after selling 113 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in TJX Companies were worth $3,103,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Shell Asset Management Co. lifted its position in shares of TJX Companies by 16.5% during the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock worth $3,524,000 after buying an additional 4,128 shares during the last quarter. Pathstone Holdings LLC raised its position in TJX Companies by 10.1% in the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock valued at $88,992,000 after purchasing an additional 67,853 shares during the last quarter. Ethic Inc. raised its position in TJX Companies by 21.1% in the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after purchasing an additional 29,158 shares during the last quarter. Fiduciary Trust Co raised its position in TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after purchasing an additional 144,113 shares during the last quarter. Finally, Congress Asset Management Co. raised its position in TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after purchasing an additional 13,036 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TJX shares. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Loop Capital set a $150.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 22nd. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Cowen reissued a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Down 0.6%

TJX stock opened at $123.75 on Friday. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $127.91 and its 200-day moving average is $124.19. The firm has a market capitalization of $138.25 billion, a PE ratio of 29.12, a P/E/G ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies’s dividend payout ratio (DPR) is currently 40.00%.

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.