SS&H Financial Advisors Inc. Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

SS&H Financial Advisors Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 27.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,600 shares of the apparel and home fashions retailer's stock after selling 2,547 shares during the period. SS&H Financial Advisors Inc.'s holdings in TJX Companies were worth $804,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amplius Wealth Advisors LLC grew its position in shares of TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after buying an additional 93 shares during the last quarter. Apella Capital LLC raised its holdings in shares of TJX Companies by 10.3% during the first quarter. Apella Capital LLC now owns 5,098 shares of the apparel and home fashions retailer's stock valued at $643,000 after acquiring an additional 475 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in TJX Companies by 6.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 51,536 shares of the apparel and home fashions retailer's stock worth $6,277,000 after acquiring an additional 2,964 shares during the period. Clarus Wealth Advisors boosted its holdings in TJX Companies by 14.3% in the first quarter. Clarus Wealth Advisors now owns 7,778 shares of the apparel and home fashions retailer's stock valued at $980,000 after acquiring an additional 976 shares in the last quarter. Finally, Bremer Bank National Association purchased a new position in TJX Companies during the 1st quarter valued at $208,000. 91.09% of the stock is currently owned by institutional investors.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director now owns 22,712 shares in the company, valued at $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 is available at the SEC website. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.6%

Shares of NYSE:TJX traded down $0.74 on Thursday, hitting $127.34. 4,693,434 shares of the company traded hands, compared to its average volume of 5,245,631. The stock has a 50 day simple moving average of $127.41 and a 200-day simple moving average of $124.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market cap of $142.25 billion, a PE ratio of 29.96, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 52 week low of $105.53 and a 52 week high of $135.85.

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 for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $0.93 EPS. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Wall Street Analyst Weigh In

TJX has been the subject of several research analyst reports. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Cowen reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. TD Securities raised their price objective 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. Robert W. Baird lifted their price objective on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $141.53.

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.