Sawyer & Company Inc Has $7.39 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Sawyer & Company Inc lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,684 shares of the apparel and home fashions retailer's stock after selling 6,385 shares during the period. TJX Companies accounts for 3.0% of Sawyer & Company Inc's portfolio, making the stock its 7th largest holding. Sawyer & Company Inc's holdings in TJX Companies were worth $7,391,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Millstone Evans Group LLC bought a new position in TJX Companies in the 4th quarter worth approximately $30,000. Promus Capital LLC bought a new position in TJX Companies in the 4th quarter worth approximately $32,000. Tacita Capital Inc bought a new position in TJX Companies in the 4th quarter worth approximately $38,000. Rialto Wealth Management LLC raised 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 purchasing an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC bought a new position in TJX Companies in the 1st quarter worth approximately $52,000. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction on 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 directly owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of TJX stock opened at $123.35 on Friday. The firm has a market capitalization of $137.80 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth 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 TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The firm has a fifty day moving average of $127.66 and a 200-day moving average of $124.11.

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, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 EPS. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced 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. This represents a $1.70 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TJX shares. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. TD Securities boosted their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and an average target price 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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