Franklin Street Advisors Inc. NC Has $25.09 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Franklin Street Advisors Inc. NC lowered its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 206,017 shares of the apparel and home fashions retailer's stock after selling 3,600 shares during the quarter. TJX Companies comprises approximately 1.8% of Franklin Street Advisors Inc. NC's holdings, making the stock its 19th largest holding. Franklin Street Advisors Inc. NC's holdings in TJX Companies were worth $25,093,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of TJX Companies by 1.7% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after buying an additional 84 shares in the last quarter. Nwam LLC increased its position in shares of TJX Companies by 2.0% in the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after buying an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC increased its position in shares of TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after buying an additional 86 shares in the last quarter. Amplius Wealth Advisors LLC increased its position in shares of TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after buying an additional 93 shares in the last quarter. Finally, JFS Wealth Advisors LLC increased its position in shares of TJX Companies by 0.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 10,617 shares of the apparel and home fashions retailer's stock valued at $1,283,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated 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 now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TJX has been the subject of a number of recent analyst reports. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. Robert W. Baird increased their target price on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Finally, Loop Capital set a $150.00 target price on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Stock Down 0.2%

Shares of NYSE TJX traded down $0.19 during mid-day trading on Thursday, hitting $124.34. The company had a trading volume of 4,084,299 shares, compared to its average volume of 5,213,922. The company has a market capitalization of $138.90 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The firm has a 50-day simple moving average of $127.83 and a two-hundred day simple moving average of $124.22. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a one year low of $106.89 and a one year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 61.82% and a net margin of 8.63%. TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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