The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. reduced its stake in The TJX Companies by 34.7% in the first quarter, selling 40,721 shares and holding 76,663 shares valued at approximately $9.37 million.
• TJX Companies reported earnings of $0.92 per share, exceeding analysts' expectations, with a revenue of $13.11 billion for the quarter, an increase of 5.1% compared to the previous year.
• The company announced a quarterly dividend of $0.425 per share, with a dividend yield of 1.35%, and plans to pay this on September 4th to shareholders recorded by August 14th.

Phoenix Financial Ltd. decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 34.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 76,663 shares of the apparel and home fashions retailer's stock after selling 40,721 shares during the period. Phoenix Financial Ltd.'s holdings in TJX Companies were worth $9,374,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC lifted its position in TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC bought a new position in TJX Companies in the 1st quarter valued at approximately $37,000. Rialto Wealth Management LLC lifted its position in TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after acquiring an additional 179 shares in the last quarter. Finally, Proathlete Wealth Management LLC bought a new position in TJX Companies in the 1st quarter valued at approximately $52,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $1.34 during midday trading on Tuesday, hitting $126.73. The stock had a trading volume of 2,368,375 shares, compared to its average volume of 5,327,439. The company has a market capitalization of $141.57 billion, a PE ratio of 29.83, a P/E/G ratio of 2.95 and a beta of 0.88. The stock has a 50 day moving average price of $125.39 and a two-hundred day moving average price of $124.35. 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 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 released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion for 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 firm's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Daiwa Capital Markets began coverage on TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective on the stock. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Robert W. Baird raised their price objective on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $141.06.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies 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 completion of the transaction, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company's stock.

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.