The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Choreo LLC

Choreo LLC reduced its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 13.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,482 shares of the apparel and home fashions retailer's stock after selling 6,528 shares during the period. Choreo LLC's holdings in TJX Companies were worth $5,052,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC increased its position in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after acquiring an additional 235 shares during the period. Millstone Evans Group LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. LPL Financial LLC lifted its position in shares of TJX Companies by 15.3% during the 4th quarter. LPL Financial LLC now owns 1,009,386 shares of the apparel and home fashions retailer's stock worth $121,944,000 after buying an additional 134,175 shares during the period. Finally, EntryPoint Capital LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $292,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TJX has been the subject of several research reports. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. JPMorgan Chase & Co. boosted their price target on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Loop Capital set a $150.00 target price on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, UBS Group reissued a "buy" rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, TJX Companies currently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Stock Up 0.1%

Shares of NYSE:TJX traded up $0.17 during trading on Friday, reaching $126.43. 3,285,019 shares of the stock traded hands, compared to its average volume of 5,329,888. The stock has a market cap of $141.23 billion, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The stock has a 50-day moving average of $125.72 and a two-hundred day moving average of $124.24. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.93 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.34%. TJX Companies's dividend payout ratio (DPR) is 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 shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

About TJX Companies

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.