Atria Wealth Solutions Inc. Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in The TJX Companies by 7.0%, now owning 60,145 shares valued at approximately $7.33 million.
• Major institutional investors, including Capital International and Northern Trust Corp, have significantly increased their stakes in TJX Companies during the fourth quarter.
• The TJX Companies reported an EPS of $0.92 for its last quarterly earnings, beating the consensus estimate of $0.90 by $0.02, with revenue increasing 5.1% year-over-year.

Atria Wealth Solutions Inc. trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 60,145 shares of the apparel and home fashions retailer's stock after selling 4,494 shares during the period. Atria Wealth Solutions Inc.'s holdings in TJX Companies were worth $7,326,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital International Investors increased its holdings in TJX Companies by 4.5% in the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock valued at $1,769,600,000 after purchasing an additional 626,739 shares during the period. Northern Trust Corp increased its stake in shares of TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after buying an additional 1,845,225 shares during the period. Royal Bank of Canada raised its position in shares of TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after acquiring an additional 1,403,561 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in TJX Companies by 10.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,187,824 shares of the apparel and home fashions retailer's stock valued at $1,230,791,000 after acquiring an additional 1,005,260 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in TJX Companies by 1.9% during the 4th quarter. Janus Henderson Group PLC now owns 8,018,894 shares of the apparel and home fashions retailer's stock valued at $968,758,000 after purchasing an additional 146,139 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.3%

Shares of NYSE TJX traded down $0.34 during mid-day trading on Friday, reaching $131.64. 4,629,642 shares of the company's stock traded hands, compared to its average volume of 4,777,224. 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 1-year low of $107.71 and a 1-year high of $135.85. The stock has a market cap of $147.06 billion, a P/E ratio of 30.97, a PEG ratio of 3.08 and a beta of 0.89. The business has a 50-day simple moving average of $125.32 and a 200 day simple moving average of $124.71.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 analysts' consensus estimates 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 return on equity of 58.81% and a net margin of 8.47%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. On average, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TJX. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Robert W. Baird lifted their target price on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Cowen restated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. raised their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $141.06.

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.