The TJX Companies, Inc. (NYSE:TJX) Shares Sold by S&CO Inc.

S&CO Inc. trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 3.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,081 shares of the apparel and home fashions retailer’s stock after selling 765 shares during the period. S&CO Inc.’s holdings in TJX Companies were worth $2,933,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC grew its holdings in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock valued at $36,000 after purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC grew its position in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $37,000. Finally, Rialto Wealth Management LLC raised 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 valued at $42,000 after buying an additional 179 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 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 document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on TJX shares. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an “overweight” rating in a research report on Thursday, May 22nd. Robert W. Baird raised their price target on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. TD Securities upped their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $141.06.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $125.28 on Tuesday. The stock has a market capitalization of $139.95 billion, a price-to-earnings ratio of 29.48, a PEG ratio of 2.95 and a beta of 0.88. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $125.39 and a 200-day simple moving average of $124.35.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period last year, the business posted $0.93 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, August 14th. TJX Companies’s payout ratio 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.