Net Worth Advisory Group Has $220,000 Holdings in The TJX Companies, Inc. (NYSE:TJX)

Net Worth Advisory Group reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 68.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,805 shares of the apparel and home fashions retailer's stock after selling 3,925 shares during the period. Net Worth Advisory Group's holdings in TJX Companies were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in TJX Companies by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after acquiring an additional 578,948 shares during the period. Geode Capital Management LLC raised its holdings in shares of TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock valued at $2,930,965,000 after buying an additional 464,995 shares during the last quarter. Capital International Investors raised its holdings in shares of TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock valued at $1,769,600,000 after buying an additional 626,739 shares during the last quarter. Northern Trust Corp raised its holdings in shares of TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after buying an additional 1,845,225 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $1,670,565,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.71 during trading on Friday, hitting $123.75. The company had a trading volume of 3,786,474 shares, compared to its average volume of 5,206,524. The company has a market cap of $138.25 billion, a P/E ratio of 29.12, a PEG ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The business's 50-day moving average is $127.91 and its 200 day moving average is $124.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the previous year, the company posted $0.93 EPS. The company's quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction 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 now directly owns 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TJX shares. UBS Group reaffirmed a "buy" rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Loop Capital set a $150.00 price target on TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One investment 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 a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

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.