Prosperity Consulting Group LLC Lowers Stake in The TJX Companies, Inc. (NYSE:TJX)

Prosperity Consulting Group LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 14.4% during the first quarter, Holdings Channel.com reports. The firm owned 18,893 shares of the apparel and home fashions retailer’s stock after selling 3,170 shares during the quarter. Prosperity Consulting Group LLC’s holdings in TJX Companies were worth $2,301,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its position in shares of TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after purchasing an additional 235 shares in the last quarter. Allianz SE purchased a new position in TJX Companies in the fourth quarter worth about $334,000. O Shaughnessy Asset Management LLC raised its holdings in TJX Companies by 9.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 198,685 shares of the apparel and home fashions retailer’s stock worth $24,003,000 after buying an additional 17,952 shares during the last quarter. Finally, Axiom Investors LLC DE lifted its stake in shares of TJX Companies by 3.2% in the fourth quarter. Axiom Investors LLC DE now owns 42,788 shares of the apparel and home fashions retailer’s stock worth $5,169,000 after buying an additional 1,343 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $125.28 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The stock has a market capitalization of $139.95 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The firm’s 50 day moving average price is $125.39 and its 200-day moving average price is $124.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 firm had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. TJX Companies’s payout ratio is 40.00%.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred 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 owned 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. JPMorgan Chase & Co. lifted their target price on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 21st. Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, Daiwa Capital Markets initiated coverage on TJX Companies in a report on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 price objective for the company. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently 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.