D.A. Davidson & CO. Sells 3,218 Shares of The TJX Companies, Inc. (NYSE:TJX)

D.A. Davidson & CO. decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,174 shares of the apparel and home fashions retailer's stock after selling 3,218 shares during the quarter. D.A. Davidson & CO.'s holdings in TJX Companies were worth $6,233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Norges Bank bought a new stake in TJX Companies during the 4th quarter valued at about $1,670,565,000. GAMMA Investing LLC raised its holdings in shares of TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after purchasing an additional 2,892,151 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after purchasing an additional 2,266,415 shares in the last quarter. Northern Trust Corp raised its holdings in shares of TJX Companies by 15.2% in the 4th 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 purchasing an additional 1,845,225 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after purchasing an additional 1,403,561 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. TD Securities boosted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Barclays restated an "overweight" rating and issued a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. lifted their price objective 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. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $141.53.

TJX Companies Stock Performance

NYSE:TJX opened at $125.98 on Friday. 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 company has a fifty day moving average of $127.16 and a two-hundred day moving average of $124.03. The stock has a market capitalization of $140.73 billion, a PE ratio of 29.64, a P/E/G ratio of 2.94 and a beta of 0.88. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted 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. The company 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 revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.35%. TJX Companies's dividend payout ratio is presently 40.00%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.