Oppenheimer & Co. Inc. Trims Position in The TJX Companies, Inc. (NYSE:TJX)

Oppenheimer & Co. Inc. decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,593 shares of the apparel and home fashions retailer's stock after selling 5,113 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in TJX Companies were worth $11,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millstone Evans Group LLC purchased a new position in TJX Companies during the fourth quarter worth about $30,000. Promus Capital LLC acquired a new position in shares of TJX Companies during the 4th quarter valued at about $32,000. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies during the 1st quarter valued at about $37,000. Tacita Capital Inc purchased a new position in shares of TJX Companies during the 4th quarter worth about $38,000. Finally, Rialto Wealth Management LLC boosted its position in shares of TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after acquiring an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Transactions at TJX Companies

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 now owns 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. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TJX shares. TD Securities increased their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Robert W. Baird upped their price objective on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Barclays reiterated an "overweight" rating and issued a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $141.53.

TJX Companies Price Performance

Shares of NYSE TJX opened at $123.35 on Monday. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The business has a 50 day moving average price of $127.66 and a two-hundred day moving average price of $124.09. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The firm has a market cap of $137.80 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 2.92 and a beta of 0.90.

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, topping analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 earnings per share. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

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.

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