Koshinski Asset Management Inc. Lowers Position in The TJX Companies, Inc. (NYSE:TJX)

Koshinski Asset Management Inc. decreased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 42.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,637 shares of the apparel and home fashions retailer's stock after selling 5,624 shares during the quarter. Koshinski Asset Management Inc.'s holdings in TJX Companies were worth $930,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after buying an additional 235 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of TJX Companies by 25.8% during the 4th quarter. Fisher Asset Management LLC now owns 8,481 shares of the apparel and home fashions retailer's stock valued at $1,025,000 after buying an additional 1,738 shares in the last quarter. Modera Wealth Management LLC grew its position in shares of TJX Companies by 22.6% in the 4th quarter. Modera Wealth Management LLC now owns 12,143 shares of the apparel and home fashions retailer's stock worth $1,467,000 after buying an additional 2,236 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of TJX Companies in the 4th quarter worth about $89,000. Institutional investors own 91.09% of the company's stock.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred 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 transaction, the director owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TJX has been the topic of several research reports. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research report on Wednesday, May 21st. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. JPMorgan Chase & Co. increased their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $141.53.

TJX Companies Stock Performance

TJX Companies stock traded up $0.11 during midday trading on Wednesday, reaching $125.27. 4,790,213 shares of the company traded hands, compared to its average volume of 5,194,591. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The business has a 50 day moving average of $127.19 and a two-hundred day moving average of $123.98. The firm has a market capitalization of $139.94 billion, a price-to-earnings ratio of 29.48, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders 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 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies's dividend payout ratio 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.