The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,278,977 shares of the apparel and home fashions retailer's stock after selling 865,793 shares during the period. Bank of New York Mellon Corp owned approximately 1.64% of TJX Companies worth $2,226,379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TJX. World Investment Advisors increased its stake in TJX Companies by 4.7% during the 1st quarter. World Investment Advisors now owns 92,082 shares of the apparel and home fashions retailer's stock worth $11,216,000 after buying an additional 4,132 shares during the period. Wayfinding Financial LLC acquired a new position in shares of TJX Companies in the first quarter worth $122,000. Catalyst Capital Advisors LLC grew its stake in shares of TJX Companies by 93.6% in the first quarter. Catalyst Capital Advisors LLC now owns 2,106 shares of the apparel and home fashions retailer's stock worth $257,000 after acquiring an additional 1,018 shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its position in shares of TJX Companies by 7.7% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,374 shares of the apparel and home fashions retailer's stock worth $1,994,000 after acquiring an additional 1,170 shares during the period. Finally, SMART Wealth LLC raised its stake in shares of TJX Companies by 20.6% in the first quarter. SMART Wealth LLC now owns 5,109 shares of the apparel and home fashions retailer's stock valued at $622,000 after acquiring an additional 873 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of analyst reports. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $141.53.

Insiders Place Their Bets

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

TJX Companies Stock Performance

NYSE:TJX traded up $0.67 during trading hours on Friday, reaching $125.98. 2,986,646 shares of the stock were exchanged, compared to its average volume of 5,201,556. The stock has a market capitalization of $140.73 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.94 and a beta of 0.88. The firm has a 50 day simple moving average of $127.16 and a 200-day simple moving average of $124.03. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85.

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 (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend 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%.

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.