The TJX Companies, Inc. (NYSE:TJX) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,507 shares of the apparel and home fashions retailer's stock after selling 4,291 shares during the period. OneDigital Investment Advisors LLC's holdings in TJX Companies were worth $3,107,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of TJX Companies in the fourth quarter valued at $1,670,565,000. GAMMA Investing LLC raised its position in TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after acquiring an additional 2,892,151 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of TJX Companies by 689.6% in the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after purchasing an additional 2,266,415 shares in the last quarter. Northern Trust Corp grew its position in shares of TJX Companies by 15.2% in 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 purchasing an additional 1,845,225 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after purchasing an additional 1,403,561 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TJX. UBS Group reissued a "buy" rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $141.53.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Down 0.5%

NYSE:TJX traded down $0.68 during trading hours on Monday, hitting $125.18. The stock had a trading volume of 3,894,137 shares, compared to its average volume of 5,196,731. The company has a market cap of $139.84 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The business has a 50 day simple moving average of $127.16 and a two-hundred day simple moving average of $124.07. 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 earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%. TJX Companies's dividend payout ratio (DPR) 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.