The TJX Companies, Inc. (NYSE:TJX) Stake Lowered by Provident Trust Co.

Provident Trust Co. decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,698,359 shares of the apparel and home fashions retailer's stock after selling 24,790 shares during the quarter. TJX Companies accounts for approximately 6.1% of Provident Trust Co.'s portfolio, making the stock its 9th largest position. Provident Trust Co. owned about 0.24% of TJX Companies worth $328,660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Millstone Evans Group LLC bought a new stake in TJX Companies in the 4th quarter worth approximately $30,000. 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 worth $36,000 after buying an additional 110 shares during 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 worth $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in TJX Companies in the 1st quarter worth approximately $37,000. Finally, 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 worth $42,000 after buying an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TJX shares. Daiwa Capital Markets started coverage on TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price for the company. Barclays reiterated an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, JPMorgan Chase & Co. boosted their price objective on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. 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 stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $141.06.

TJX Companies Stock Up 0.1%

TJX stock traded up $0.11 during midday trading on Friday, hitting $122.28. The stock had a trading volume of 1,787,872 shares, compared to its average volume of 5,194,532. The firm has a market cap of $136.60 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 2.83 and a beta of 0.88. The business has a 50-day moving average of $126.31 and a two-hundred day moving average of $124.09. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

TJX Companies (NYSE:TJX - Get Free Report) last issued 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. The company had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies's payout ratio is 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.