Axecap Investments LLC Sells 2,275 Shares of The TJX Companies, Inc. (NYSE:TJX)

Axecap Investments LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 25,915 shares of the apparel and home fashions retailer's stock after selling 2,275 shares during the quarter. TJX Companies accounts for approximately 2.7% of Axecap Investments LLC's holdings, making the stock its 11th biggest holding. Axecap Investments LLC's holdings in TJX Companies were worth $3,156,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Zhang Financial LLC lifted its position in TJX Companies by 7.0% during the 1st quarter. Zhang Financial LLC now owns 2,218 shares of the apparel and home fashions retailer's stock worth $270,000 after buying an additional 145 shares in the last quarter. Baker Ellis Asset Management LLC lifted its position in TJX Companies by 7.4% during the 1st quarter. Baker Ellis Asset Management LLC now owns 4,075 shares of the apparel and home fashions retailer's stock worth $496,000 after buying an additional 280 shares in the last quarter. Alpha Omega Wealth Management LLC lifted its position in TJX Companies by 5.2% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 2,569 shares of the apparel and home fashions retailer's stock worth $313,000 after buying an additional 127 shares in the last quarter. InTrack Investment Management Inc lifted its position in TJX Companies by 48.5% during the 1st quarter. InTrack Investment Management Inc now owns 7,497 shares of the apparel and home fashions retailer's stock worth $913,000 after buying an additional 2,447 shares in the last quarter. Finally, Donaldson Capital Management LLC lifted its position in TJX Companies by 2.4% during the 1st quarter. Donaldson Capital Management LLC now owns 5,248 shares of the apparel and home fashions retailer's stock worth $639,000 after buying an additional 121 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Trading Down 0.2%

Shares of TJX stock traded down $0.19 on Thursday, reaching $124.34. The company had a trading volume of 4,084,299 shares, compared to its average volume of 5,213,921. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $138.90 billion, a PE ratio of 29.26, a PEG ratio of 2.75 and a beta of 0.90. The company has a 50-day moving average of $127.73 and a 200-day moving average of $124.22. The TJX Companies, Inc. has a 12 month low of $106.89 and a 12 month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 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 company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the prior year, the business posted $0.93 EPS. TJX Companies's revenue was up 5.1% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies's payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" 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. TD Securities upped their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Barclays restated an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and an average price target 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.