Moloney Securities Asset Management LLC Sells 2,428 Shares of The TJX Companies, Inc. (NYSE:TJX)

Moloney Securities Asset Management LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 38.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,872 shares of the apparel and home fashions retailer's stock after selling 2,428 shares during the period. Moloney Securities Asset Management LLC's holdings in TJX Companies were worth $472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Millstone Evans Group LLC acquired a new position in TJX Companies in the 4th quarter worth $30,000. Atlantic Edge Private Wealth Management LLC boosted its stake in TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 110 shares during the period. Inlight Wealth Management LLC acquired a new position in TJX Companies in the 1st quarter worth $37,000. Rialto Wealth Management LLC boosted its stake in TJX Companies by 105.9% in the 1st 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 TJX Companies in the 1st quarter worth $52,000. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TJX. Robert W. Baird upped their target price on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Stock Performance

TJX Companies stock traded down $0.47 during trading hours on Friday, hitting $123.69. The company had a trading volume of 4,145,943 shares, compared to its average volume of 5,202,666. The firm has a market cap of $138.17 billion, a PE ratio of 29.10, a PEG ratio of 2.90 and a beta of 0.88. 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 TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The firm has a 50-day moving average of $126.82 and a 200 day moving average of $124.13.

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 for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion for 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 business's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 EPS. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 presently 40.00%.

TJX Companies Company 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.