Kovack Advisors Inc. Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Kovack Advisors Inc. cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 19.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,169 shares of the apparel and home fashions retailer’s stock after selling 1,001 shares during the period. Kovack Advisors Inc.’s holdings in TJX Companies were worth $508,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of TJX Companies by 14,486.1% during the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer’s stock worth $354,696,000 after purchasing an additional 2,892,151 shares in the last quarter. Capital Research Global Investors increased its stake in shares of TJX Companies by 689.6% during the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock worth $313,512,000 after purchasing an additional 2,266,415 shares in the last quarter. Northern Trust Corp increased its stake in shares of TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares in the last quarter. Royal Bank of Canada increased its stake in shares of TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer’s stock worth $1,486,074,000 after purchasing an additional 1,403,561 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of TJX Companies by 65.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer’s stock worth $399,790,000 after purchasing an additional 1,302,845 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.0%

Shares of NYSE TJX opened at $126.29 on Friday. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The firm has a fifty day moving average of $125.58 and a 200-day moving average of $124.28. The stock has a market capitalization of $141.07 billion, a PE ratio of 29.71, a P/E/G ratio of 2.95 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

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 the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced 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 is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. TJX Companies’s payout ratio is 40.00%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. Barclays reissued an “overweight” rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $141.06.

About TJX Companies

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.