Atria Investments Inc Sells 14,603 Shares of The TJX Companies, Inc. (NYSE:TJX)

Atria Investments Inc lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,040 shares of the apparel and home fashions retailer's stock after selling 14,603 shares during the quarter. Atria Investments Inc's holdings in TJX Companies were worth $16,935,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Shell Asset Management Co. raised its holdings in shares of TJX Companies by 16.5% in the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock worth $3,524,000 after purchasing an additional 4,128 shares during the period. Pathstone Holdings LLC raised its holdings in shares of TJX Companies by 10.1% in the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after purchasing an additional 67,853 shares during the period. Ethic Inc. raised its holdings in shares of TJX Companies by 21.1% in the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock worth $20,196,000 after purchasing an additional 29,158 shares during the period. Fiduciary Trust Co raised its holdings in shares of TJX Companies by 5.2% in the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock worth $349,284,000 after purchasing an additional 144,113 shares during the period. Finally, Pinnacle Financial Partners Inc raised its holdings in TJX Companies by 2.2% during the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after acquiring an additional 8,319 shares during the period. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of analyst reports. Cowen reissued a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. UBS Group reissued a "buy" rating and set a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Finally, Daiwa Capital Markets initiated coverage on shares of TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price on the stock. One research 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $141.06.

TJX Companies Price Performance

NYSE:TJX traded up $0.03 during midday trading on Friday, hitting $126.29. The company had a trading volume of 5,143,166 shares, compared to its average volume of 4,623,807. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The stock's fifty day moving average price is $125.58 and its 200-day moving average price is $124.28. The company has a market capitalization of $141.07 billion, a PE ratio of 29.71, a P/E/G ratio of 2.95 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

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 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

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.