Arjuna Capital Decreases Position in The TJX Companies, Inc. (NYSE:TJX)

Arjuna Capital decreased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,966 shares of the apparel and home fashions retailer's stock after selling 2,768 shares during the period. TJX Companies comprises approximately 0.9% of Arjuna Capital's investment portfolio, making the stock its 29th biggest holding. Arjuna Capital's holdings in TJX Companies were worth $3,284,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. TCTC Holdings LLC raised its stake in TJX Companies by 210.1% in the first 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. Millstone Evans Group LLC bought a new position in TJX Companies in the fourth quarter worth approximately $30,000. Atlantic Edge Private Wealth Management LLC raised its stake in TJX Companies by 58.8% in the first 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 grew its holdings in TJX Companies by 99.3% in the first 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. Finally, Inlight Wealth Management LLC purchased a new position in TJX Companies in the first quarter worth $37,000. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several analyst reports. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $141.06.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Price Performance

TJX stock traded down $0.17 during mid-day trading on Monday, reaching $123.54. 4,651,191 shares of the company's stock were exchanged, compared to its average volume of 5,205,805. The company has a market cap of $138.00 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.88. The stock's 50 day moving average is $126.82 and its 200 day moving average is $124.12. 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 TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) 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, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

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.