Brown Advisory Inc. Sells 1,988,631 Shares of The TJX Companies, Inc. (NYSE:TJX)

Brown Advisory Inc. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 59.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,382,915 shares of the apparel and home fashions retailer's stock after selling 1,988,631 shares during the quarter. Brown Advisory Inc. owned about 0.12% of TJX Companies worth $168,439,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TJX. Highview Capital Management LLC DE lifted its position in TJX Companies by 11.7% during the first quarter. Highview Capital Management LLC DE now owns 28,549 shares of the apparel and home fashions retailer's stock worth $3,477,000 after acquiring an additional 2,984 shares during the last quarter. Interchange Capital Partners LLC bought a new position in shares of TJX Companies during the first quarter worth approximately $202,000. Crossmark Global Holdings Inc. lifted its holdings in TJX Companies by 2.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 265,061 shares of the apparel and home fashions retailer's stock worth $32,284,000 after purchasing an additional 5,622 shares during the last quarter. Washington Trust Bank boosted its stake in TJX Companies by 3.0% in the 1st quarter. Washington Trust Bank now owns 145,034 shares of the apparel and home fashions retailer's stock valued at $17,665,000 after purchasing an additional 4,206 shares during the period. Finally, Fullcircle Wealth LLC boosted its stake in TJX Companies by 3.5% in the 1st quarter. Fullcircle Wealth LLC now owns 9,411 shares of the apparel and home fashions retailer's stock valued at $1,196,000 after purchasing an additional 322 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

TJX Companies stock traded down $0.47 during midday trading on Friday, reaching $123.69. The company's stock had a trading volume of 4,145,943 shares, compared to its average volume of 5,202,666. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $138.17 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 2.90 and a beta of 0.88. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The business has a 50-day moving average price of $126.82 and a 200-day moving average price of $124.13.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 EPS. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company 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. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated 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 directly owned 22,712 shares in the company, valued at approximately $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 accessible through the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Cowen reissued a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Finally, Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $141.06.

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.