Avanza Fonder AB Sells 7,706 Shares of The TJX Companies, Inc. (NYSE:TJX)

Avanza Fonder AB lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 106,096 shares of the apparel and home fashions retailer's stock after selling 7,706 shares during the period. Avanza Fonder AB's holdings in TJX Companies were worth $13,255,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of TJX Companies by 1.7% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after buying an additional 84 shares during the last quarter. Nwam LLC grew its position in TJX Companies by 2.0% in the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after acquiring an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC increased its stake in TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after acquiring an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC increased its stake in TJX Companies by 4.2% in the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after acquiring an additional 93 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its position in TJX Companies by 0.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 10,617 shares of the apparel and home fashions retailer's stock valued at $1,283,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 1.2%

Shares of TJX stock traded down $1.51 during trading hours on Wednesday, hitting $124.54. 4,145,652 shares of the company's stock traded hands, compared to its average volume of 5,214,761. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market cap of $139.12 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 2.75 and a beta of 0.90. The stock's fifty day simple moving average is $127.67 and its two-hundred day simple moving average is $124.22. The TJX Companies, Inc. has a 12-month low of $106.18 and a 12-month high of $135.85.

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

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now directly owns 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TJX. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. 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. Finally, Robert W. Baird boosted their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

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.