Riverwater Partners LLC Sells 3,015 Shares of The TJX Companies, Inc. (NYSE:TJX)

Riverwater Partners LLC reduced its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 40.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,410 shares of the apparel and home fashions retailer's stock after selling 3,015 shares during the period. Riverwater Partners LLC's holdings in TJX Companies were worth $537,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in TJX Companies by 1.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock valued at $603,000 after buying an additional 84 shares during the period. Nwam LLC grew its holdings in TJX Companies by 2.0% during the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock valued at $524,000 after purchasing an additional 84 shares during the period. One Charles Private Wealth Services LLC increased its stake in TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after purchasing an additional 86 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in TJX Companies by 2.2% in the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after purchasing an additional 86 shares during the period. Finally, Amplius Wealth Advisors LLC raised its holdings in TJX Companies by 4.2% in the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Buying and Selling

In other 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 value of $121,685.50. Following the completion of the transaction, the director now owns 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TJX. JPMorgan Chase & Co. boosted 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. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Price Performance

Shares of NYSE TJX opened at $122.48 on Friday. The company has a market capitalization of $136.82 billion, a PE ratio of 28.82, a PEG ratio of 2.90 and a beta of 0.90. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average price is $127.76 and its 200-day moving average price is $124.12. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data 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 return on equity of 58.81% and a net margin of 8.47%. The business 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 firm earned $0.93 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend 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.

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