The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,503 shares of the apparel and home fashions retailer's stock after selling 2,940 shares during the period. Praxis Investment Management Inc.'s holdings in TJX Companies were worth $3,106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Millstone Evans Group LLC bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $30,000. Promus Capital LLC purchased a new position in shares of TJX Companies during the 4th quarter worth $32,000. Tacita Capital Inc purchased a new position in shares of TJX Companies during the 4th quarter worth $38,000. Rialto Wealth Management LLC raised its position 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 valued at $42,000 after purchasing an additional 179 shares during the period. Finally, Proathlete Wealth Management LLC bought a new stake in shares of TJX Companies during the 1st quarter valued at $52,000. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now directly owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Barclays reiterated an "overweight" rating and issued a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. UBS Group reaffirmed a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.53.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $0.81 during midday trading on Friday, reaching $123.35. The company's stock had a trading volume of 6,729,044 shares, compared to its average volume of 5,187,178. The firm has a market capitalization of $137.80 billion, a PE ratio of 29.02, a P/E/G ratio of 2.92 and a beta of 0.90. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The stock has a fifty day moving average of $127.66 and a 200 day moving average of $124.10. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly 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 net margin of 8.47% and a return on equity of 58.81%. The firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS 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 is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

TJX Companies Company 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.