Silver Oak Securities Incorporated Lowers Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Silver Oak Securities Incorporated reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 71.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer's stock valued at $11,998,201,000 after purchasing an additional 578,948 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer's stock worth $2,930,965,000 after purchasing an additional 464,995 shares during the last quarter. Capital International Investors raised its holdings in shares of TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after purchasing an additional 626,739 shares during the last quarter. Northern Trust Corp raised its holdings in shares of TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of TJX Companies during the fourth quarter worth $1,670,565,000. 91.09% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company's stock.

TJX Companies Price Performance

TJX traded down $1.31 on Thursday, reaching $124.14. 5,050,993 shares of the company's stock were exchanged, compared to its average volume of 5,196,342. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The stock has a market cap of $138.68 billion, a PE ratio of 29.21, a P/E/G ratio of 2.92 and a beta of 0.88. The stock's fifty day moving average price is $127.00 and its 200-day moving average price is $124.11. 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 earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion for 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%. TJX Companies's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business 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 $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. TD Securities raised their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Cowen reissued a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. UBS Group reissued a "buy" rating and set a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $141.06.

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.