New World Advisors LLC Sells 13,497 Shares of The TJX Companies, Inc. (NYSE:TJX)

New World Advisors LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,841,038 shares of the apparel and home fashions retailer's stock after selling 13,497 shares during the quarter. TJX Companies accounts for about 78.4% of New World Advisors LLC's portfolio, making the stock its biggest holding. New World Advisors LLC owned 0.25% of TJX Companies worth $346,038,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TJX. Nwam LLC boosted its holdings in TJX Companies by 2.0% during the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after buying an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC lifted its position in shares of TJX Companies by 5.0% during 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 acquiring an additional 86 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after acquiring an additional 86 shares in the last quarter. Amplius Wealth Advisors LLC grew its holdings 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 worth $283,000 after acquiring an additional 93 shares during the last quarter. Finally, Horizon Wealth Management LLC raised its position in shares of TJX Companies by 2.0% during the first quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock worth $602,000 after purchasing an additional 99 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.1%

TJX stock traded down $0.13 during midday trading on Thursday, reaching $122.35. The company had a trading volume of 8,381,974 shares, compared to its average volume of 5,197,481. The company has a 50 day moving average of $127.40 and a two-hundred day moving average of $124.07. The company has a market capitalization of $136.68 billion, a P/E ratio of 28.79, a PEG ratio of 2.95 and a beta of 0.90. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

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 (EPS) for the quarter, topping the consensus estimate 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 return on equity of 58.81% and a net margin of 8.47%. TJX Companies's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. On average, equities research analysts expect 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 declared 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 of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.39%. TJX Companies's dividend payout ratio is 40.00%.

Analyst Ratings Changes

TJX has been the subject of a number of recent analyst reports. Robert W. Baird increased their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. UBS Group reaffirmed a "buy" rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $141.53.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm'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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

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.