CCM Investment Advisers LLC Reduces Stake in The TJX Companies, Inc. (NYSE:TJX)

CCM Investment Advisers LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,810 shares of the apparel and home fashions retailer's stock after selling 3,900 shares during the quarter. CCM Investment Advisers LLC's holdings in TJX Companies were worth $4,240,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC acquired a new stake in TJX Companies during the fourth quarter worth approximately $25,000. Millstone Evans Group LLC acquired a new position in TJX Companies during the fourth quarter valued at approximately $30,000. Promus Capital LLC acquired a new stake in TJX Companies in the fourth quarter valued at about $32,000. Tacita Capital Inc bought a new position in TJX Companies in the 4th quarter valued at approximately $38,000. Finally, Rialto Wealth Management LLC increased its holdings in TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after purchasing an additional 179 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's 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 transaction, the director now owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $0.71 during trading hours on Friday, hitting $123.75. The company's stock had a trading volume of 3,786,474 shares, compared to its average volume of 5,206,524. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The business has a 50 day moving average price of $127.91 and a two-hundred day moving average price of $124.20. The company has a market cap of $138.25 billion, a PE ratio of 29.12, a PEG ratio of 2.75 and a beta of 0.90.

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 EPS for the quarter, beating the consensus estimate 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 net margin of 8.63% and a return on equity of 61.82%. The business's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Wall Street Analyst Weigh In

TJX has been the topic of several analyst reports. Cowen reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. TD Securities raised their price target 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. Finally, Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $141.53.

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.