Conning Inc. Has $5.03 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Conning Inc. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,265 shares of the apparel and home fashions retailer's stock after selling 4,208 shares during the period. Conning Inc.'s holdings in TJX Companies were worth $5,026,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $30,000. Promus Capital LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC purchased a new position in TJX Companies during the first quarter valued at approximately $37,000. Rialto Wealth Management LLC grew its position in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after purchasing an additional 179 shares in the last quarter. Finally, Proathlete Wealth Management LLC purchased a new position in TJX Companies during the first quarter valued at approximately $52,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX Companies stock traded up $0.67 on Friday, reaching $125.98. The stock had a trading volume of 2,986,646 shares, compared to its average volume of 5,198,385. The business's 50-day moving average price is $127.17 and its two-hundred day moving average price is $124.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The stock has a market cap of $140.73 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88.

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 for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the previous year, the company earned $0.93 earnings per share. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. On average, sell-side analysts forecast 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. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on TJX shares. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Robert W. Baird lifted their target price on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Barclays reiterated an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Company 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.