Dividend Assets Capital LLC Sells 7,197 Shares of The TJX Companies, Inc. (NYSE:TJX)

Dividend Assets Capital LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 16.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,256 shares of the apparel and home fashions retailer's stock after selling 7,197 shares during the quarter. Dividend Assets Capital LLC's holdings in TJX Companies were worth $4,538,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Shell Asset Management Co. boosted its stake in TJX Companies by 16.5% during the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after purchasing an additional 4,128 shares during the period. Pathstone Holdings LLC raised its holdings in shares of TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after buying an additional 67,853 shares during the last quarter. Ethic Inc. boosted its position in shares of TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock worth $20,196,000 after buying an additional 29,158 shares during the period. Fiduciary Trust Co grew its holdings in TJX Companies by 5.2% in the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock worth $349,284,000 after buying an additional 144,113 shares in the last quarter. Finally, Congress Asset Management Co. raised its stake in TJX Companies by 1.1% during the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after acquiring an additional 13,036 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TJX shares. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Morgan Stanley set a $140.00 price target on TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Cowen reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, TD Securities upped their price objective on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. One 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, the company presently has an average rating of "Moderate Buy" and an average price target of $141.53.

TJX Companies Trading Down 1.2%

TJX stock traded down $1.51 during mid-day trading on Wednesday, reaching $124.54. 4,145,652 shares of the stock traded hands, compared to its average volume of 5,214,761. The TJX Companies, Inc. has a 52-week low of $106.18 and a 52-week high of $135.85. The stock's fifty day moving average is $127.67 and its 200-day moving average is $124.22. The company has a market cap of $139.12 billion, a P/E ratio of 29.30, a P/E/G ratio of 2.75 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director now owns 22,712 shares of the company's stock, valued at $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 is available at this hyperlink. Insiders own 0.13% of the company's stock.

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.