Prosperity Consulting Group LLC Sells 3,170 Shares of The TJX Companies, Inc. (NYSE:TJX)

Prosperity Consulting Group LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,893 shares of the apparel and home fashions retailer's stock after selling 3,170 shares during the period. Prosperity Consulting Group LLC's holdings in TJX Companies were worth $2,301,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew 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 valued at $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 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after acquiring an additional 2,266,415 shares during the last quarter. Northern Trust Corp boosted its stake in shares of TJX Companies by 15.2% in the 4th 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 in the last quarter. Royal Bank of Canada grew its holdings 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 valued at $1,486,074,000 after purchasing an additional 1,403,561 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of TJX Companies by 65.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock valued at $399,790,000 after purchasing an additional 1,302,845 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.9%

Shares of TJX Companies stock opened at $125.28 on Tuesday. 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 12-month low of $107.71 and a 12-month high of $135.85. The company has a market cap of $139.95 billion, a P/E ratio of 29.48, a PEG ratio of 2.95 and a beta of 0.88. The company's fifty day simple moving average is $125.39 and its two-hundred day simple moving average is $124.35.

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 for the quarter, beating 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 analyst estimates of $13.01 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TJX. JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. TD Securities boosted their target price on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $141.06.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director owned 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.

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