Emerald Advisers LLC Sells 3,676 Shares of The TJX Companies, Inc. (NYSE:TJX)

Emerald Advisers LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 31.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,157 shares of the apparel and home fashions retailer's stock after selling 3,676 shares during the period. Emerald Advisers LLC's holdings in TJX Companies were worth $994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TJX. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at about $30,000. Atlantic Edge Private Wealth Management LLC grew its stake in TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 110 shares during the period. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies during the first quarter valued at approximately $37,000. Rialto Wealth Management LLC raised its position in shares of 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 worth $42,000 after purchasing an additional 179 shares during the period. Finally, Proathlete Wealth Management LLC acquired a new position in shares of TJX Companies during the first quarter worth approximately $52,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In related 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

TJX stock traded down $0.17 during mid-day trading on Monday, hitting $123.54. The company had a trading volume of 4,651,191 shares, compared to its average volume of 5,395,129. 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 firm has a market cap of $138.00 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.88. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The stock's fifty day moving average price is $126.82 and its two-hundred day moving average price is $124.12.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS 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 company had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. TJX Companies's revenue was up 5.1% on a year-over-year basis. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid 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 1.38%. TJX Companies's payout ratio is 40.00%.

Analysts Set New Price Targets

TJX has been the subject of a number of recent research reports. Robert W. Baird boosted their price target 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. TD Securities upped their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target on the stock. Barclays reissued an "overweight" rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus 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.