Advisory Alpha LLC Lowers Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Advisory Alpha LLC decreased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 57.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,914 shares of the apparel and home fashions retailer's stock after selling 2,532 shares during the quarter. Advisory Alpha LLC's holdings in TJX Companies were worth $233,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth about $25,000. SOA Wealth Advisors LLC. purchased a new position in TJX Companies during the fourth quarter worth approximately $30,000. Millstone Evans Group LLC purchased a new position in TJX Companies during the fourth quarter worth approximately $30,000. Promus Capital LLC purchased a new position in TJX Companies during the fourth quarter worth approximately $32,000. Finally, Tacita Capital Inc purchased a new position in TJX Companies during the fourth quarter worth approximately $38,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TJX. Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Robert W. Baird increased their price target on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Finally, TD Securities increased their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

Insider Activity at TJX Companies

In related 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 completion of the transaction, the director now directly owns 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 SEC, which is accessible through this link. Insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $0.74 during mid-day trading on Thursday, reaching $127.34. 4,693,434 shares of the stock traded hands, compared to its average volume of 5,245,113. The business has a 50-day moving average of $127.52 and a 200 day moving average of $124.05. The TJX Companies, Inc. has a fifty-two week low of $106.18 and a fifty-two week high of $135.85. The stock has a market capitalization of $142.25 billion, a PE ratio of 29.96, a PEG ratio of 2.75 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly 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 61.82% and a net margin of 8.63%. The firm had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business's revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. 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.