Stephens Inc. AR Trims Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Stephens Inc. AR trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,576 shares of the apparel and home fashions retailer's stock after selling 4,212 shares during the period. Stephens Inc. AR's holdings in TJX Companies were worth $4,211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth approximately $30,000. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares in the last quarter. Inlight Wealth Management LLC bought a new position in shares of TJX Companies in the 1st quarter valued at about $37,000. Rialto Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC bought a new position in shares of TJX Companies in the 1st quarter valued at about $52,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TJX shares. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. TD Securities increased their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Barclays reaffirmed an "overweight" rating and issued a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. increased their price target 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. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $141.06.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm'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 transaction of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

TJX Companies Trading Down 0.4%

TJX Companies stock traded down $0.46 during midday trading on Wednesday, reaching $121.28. The stock had a trading volume of 6,151,587 shares, compared to its average volume of 5,212,453. 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 52-week low of $107.71 and a 52-week high of $135.85. The firm has a market cap of $135.48 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 2.84 and a beta of 0.88. The company has a fifty day moving average of $126.43 and a 200 day moving average of $124.08.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The business 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%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

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.