The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Argus Investors Counsel Inc.

Argus Investors Counsel Inc. reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 29.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,615 shares of the apparel and home fashions retailer's stock after selling 2,300 shares during the quarter. Argus Investors Counsel Inc.'s holdings in TJX Companies were worth $684,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TJX. Bogart Wealth LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at approximately $25,000. Millstone Evans Group LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at $30,000. Promus Capital LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at $32,000. Tacita Capital Inc purchased a new position in shares of TJX Companies in the 4th quarter valued at $38,000. Finally, Rialto Wealth Management LLC grew its position 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 buying an additional 179 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of NYSE TJX traded down $0.71 during midday trading on Friday, hitting $123.75. The company had a trading volume of 3,786,474 shares, compared to its average volume of 5,206,524. 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 TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The business has a 50-day simple moving average of $127.91 and a two-hundred day simple moving average of $124.20. The firm has a market capitalization of $138.25 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter last year, the business earned $0.93 earnings per share. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders 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 yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

TJX has been the topic of several research reports. Barclays reissued an "overweight" rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Cowen reissued a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director now owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

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.