Concord Asset Management LLC VA Trims Stake in The TJX Companies, Inc. (NYSE:TJX)

Concord Asset Management LLC VA lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 16.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,222 shares of the apparel and home fashions retailer's stock after selling 2,412 shares during the period. Concord Asset Management LLC VA's holdings in TJX Companies were worth $1,534,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in TJX. Vanguard Group Inc. increased its holdings in shares of TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after acquiring an additional 578,948 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after acquiring an additional 464,995 shares in the last quarter. Capital International Investors increased its holdings in shares of TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock valued at $1,769,600,000 after acquiring an additional 626,739 shares in the last quarter. Northern Trust Corp increased its holdings in shares of TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after acquiring an additional 1,845,225 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $1,670,565,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of NYSE:TJX traded down $1.81 during mid-day trading on Tuesday, reaching $121.75. The stock had a trading volume of 4,719,616 shares, compared to its average volume of 5,202,465. 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 company has a market cap of $136.01 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 2.88 and a beta of 0.88. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The business's 50 day moving average price is $126.71 and its 200 day moving average price is $124.12.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data 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. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS 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 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 1.40%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the 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 sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Robert W. Baird upped their price target on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Barclays reissued an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $141.06.

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.