Sigma Investment Counselors Inc. Sells 8,176 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sigma Investment Counselors Inc. decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 74,261 shares of the apparel and home fashions retailer's stock after selling 8,176 shares during the period. Sigma Investment Counselors Inc.'s holdings in TJX Companies were worth $9,045,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC bought a new stake in TJX Companies in the 4th quarter valued at about $30,000. Atlantic Edge Private Wealth Management LLC boosted its holdings 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 valued at $36,000 after purchasing an additional 110 shares during the period. Inlight Wealth Management LLC bought a new stake in TJX Companies in the 1st quarter valued at about $37,000. Rialto Wealth Management LLC boosted its holdings 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 valued at $42,000 after purchasing an additional 179 shares during the period. Finally, Proathlete Wealth Management LLC bought a new stake in TJX Companies in the 1st quarter valued at about $52,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

TJX stock opened at $125.18 on Tuesday. The company has a 50 day simple moving average of $127.12 and a 200 day simple moving average of $124.09. The stock has a market cap of $139.84 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 2.94 and a beta of 0.88. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year 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 released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 EPS. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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 issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TJX. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective 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 reissued an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. Barclays reissued an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Robert W. Baird boosted their target price on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

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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