Oakworth Capital Inc. Sells 2,563 Shares of The TJX Companies, Inc. (NYSE:TJX)

Oakworth Capital Inc. cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 21.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,332 shares of the apparel and home fashions retailer's stock after selling 2,563 shares during the quarter. Oakworth Capital Inc.'s holdings in TJX Companies were worth $1,137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at about $30,000. Promus Capital LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $32,000. Inlight Wealth Management LLC acquired a new position in TJX Companies during the first quarter worth approximately $37,000. Tacita Capital Inc bought a new stake in TJX Companies in the 4th quarter valued at $38,000. Finally, Rialto Wealth Management LLC lifted its stake in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TJX. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. UBS Group reissued a "buy" rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. 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. Finally, BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $141.53.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated 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 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 is accessible through this link. 0.13% of the stock is owned by company insiders.

TJX Companies Trading Down 0.1%

TJX opened at $122.35 on Friday. The company has a market cap of $136.68 billion, a P/E ratio of 28.79, a PEG ratio of 2.90 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The company's 50 day moving average is $127.30 and its 200-day moving average is $124.05. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The firm's 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 announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies's payout ratio is 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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.