Professional Advisory Services Inc. Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Professional Advisory Services Inc. decreased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,197 shares of the apparel and home fashions retailer's stock after selling 3,155 shares during the quarter. TJX Companies accounts for about 3.0% of Professional Advisory Services Inc.'s investment portfolio, making the stock its 16th largest position. Professional Advisory Services Inc.'s holdings in TJX Companies were worth $21,461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bogart Wealth LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $25,000. SOA Wealth Advisors LLC. purchased a new position in TJX Companies during the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $30,000. Promus Capital LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $32,000. Finally, Tacita Capital Inc purchased a new position in TJX Companies during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Up 0.9%

Shares of TJX opened at $128.55 on Friday. The company's fifty day moving average is $127.63 and its 200 day moving average is $124.14. The TJX Companies, Inc. has a fifty-two week low of $106.18 and a fifty-two week high of $135.85. The stock has a market capitalization of $143.60 billion, a PE ratio of 30.25, a P/E/G ratio of 2.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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 for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's payout ratio is currently 40.00%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on 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 $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have weighed in on TJX. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Cowen reaffirmed 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 company an "overweight" rating in a report on Thursday, May 22nd. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.53.

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.

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