Bryn Mawr Capital Management LLC Sells 27,777 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bryn Mawr Capital Management LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,039 shares of the apparel and home fashions retailer's stock after selling 27,777 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in TJX Companies were worth $11,332,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Bridgewater Advisors Inc. bought a new position in TJX Companies in the 1st quarter valued at about $455,000. Larson Financial Group LLC grew its position in shares of TJX Companies by 183.1% during the 1st quarter. Larson Financial Group LLC now owns 5,674 shares of the apparel and home fashions retailer's stock worth $691,000 after purchasing an additional 3,670 shares in the last quarter. Wealthfront Advisers LLC grew its position in shares of TJX Companies by 5.5% during the 1st quarter. Wealthfront Advisers LLC now owns 156,865 shares of the apparel and home fashions retailer's stock worth $19,106,000 after purchasing an additional 8,175 shares in the last quarter. First Business Financial Services Inc. grew its position in shares of TJX Companies by 7.4% during the 1st quarter. First Business Financial Services Inc. now owns 21,013 shares of the apparel and home fashions retailer's stock worth $2,559,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of TJX Companies by 3.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 260,043 shares of the apparel and home fashions retailer's stock worth $31,673,000 after purchasing an additional 8,603 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction 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 sale, the director owned 22,712 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

TJX Companies Price Performance

TJX Companies stock traded down $1.16 during mid-day trading on Wednesday, reaching $120.58. The company had a trading volume of 3,374,157 shares, compared to its average volume of 5,195,576. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The company has a market cap of $134.70 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.88 and a beta of 0.88. The business has a fifty day simple moving average of $126.58 and a 200 day simple moving average of $124.10.

TJX Companies (NYSE:TJX - Get Free Report) last released 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. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 earnings per share. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of analyst reports. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Cowen restated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Robert W. Baird increased their price target on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, UBS Group reiterated a "buy" rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One research 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.com, the company has a consensus rating of "Buy" and an average 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.