Headlands Technologies LLC Sells 9,644 Shares of The TJX Companies, Inc. (NYSE:TJX)

Headlands Technologies LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 92.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 778 shares of the apparel and home fashions retailer’s stock after selling 9,644 shares during the period. Headlands Technologies LLC’s holdings in TJX Companies were worth $95,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TJX. TCTC Holdings LLC raised its holdings in shares of TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock worth $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of TJX Companies by 99.3% during 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 buying an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies during the 1st quarter worth $37,000. Finally, Rialto Wealth Management LLC raised its holdings in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after buying an additional 179 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TJX shares. Cowen reissued a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Barclays reiterated an “overweight” rating and set a $147.00 price target (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $141.06.

TJX Companies Stock Up 0.8%

Shares of TJX Companies stock opened at $132.39 on Tuesday. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The stock’s 50-day moving average is $125.50 and its 200 day moving average is $124.87. The firm has a market cap of $147.89 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 3.07 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 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 analyst estimates of $13.01 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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 given 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 1.3%. TJX Companies’s dividend payout ratio is presently 40.00%.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

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.