Silver Oak Securities Incorporated Cuts Position in The TJX Companies, Inc. (NYSE:TJX)

Silver Oak Securities Incorporated trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 71.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,345 shares of the apparel and home fashions retailer's stock after selling 8,579 shares during the period. Silver Oak Securities Incorporated's holdings in TJX Companies were worth $395,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TJX. Millstone Evans Group LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $30,000. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies during the 1st quarter worth $37,000. Rialto Wealth Management LLC lifted its holdings in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after acquiring an additional 179 shares during the last quarter. Proathlete Wealth Management LLC bought a new stake in shares of TJX Companies during the 1st quarter worth $52,000. Finally, Coppell Advisory Solutions LLC lifted its holdings in shares of TJX Companies by 31.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 435 shares of the apparel and home fashions retailer's stock worth $53,000 after acquiring an additional 105 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Finally, TD Securities boosted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Trading Down 0.5%

Shares of NYSE TJX traded down $0.68 during midday trading on Monday, hitting $125.18. 3,894,137 shares of the company traded hands, compared to its average volume of 5,196,325. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The stock has a 50-day moving average price of $127.16 and a 200 day moving average price of $124.07. The firm has a market cap of $139.84 billion, a P/E ratio of 29.45, a P/E/G ratio of 2.94 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company 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 company earned $0.93 earnings per share. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given 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 is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's 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 sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

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.