Balefire LLC Sells 7,572 Shares of The TJX Companies, Inc. (NYSE:TJX)

Balefire LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 57.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,504 shares of the apparel and home fashions retailer's stock after selling 7,572 shares during the period. Balefire LLC's holdings in TJX Companies were worth $670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Millstone Evans Group LLC purchased a new stake in TJX Companies in the fourth quarter worth $30,000. Promus Capital LLC bought a new position in TJX Companies in the 4th quarter worth $32,000. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies in the 1st quarter worth about $37,000. Tacita Capital Inc purchased a new stake in shares of TJX Companies in the 4th quarter worth about $38,000. Finally, Rialto Wealth Management LLC boosted its stake in shares of TJX Companies by 105.9% during 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 purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now owns 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research reports. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, Robert W. Baird increased their price objective on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Stock Down 0.1%

NYSE:TJX traded down $0.13 on Thursday, reaching $122.35. 8,381,974 shares of the stock traded hands, compared to its average volume of 5,197,539. 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 capitalization of $136.68 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 2.95 and a beta of 0.90. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The company's fifty day simple moving average is $127.40 and its 200 day simple moving average is $124.07.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly 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 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 firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. Equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.39%. TJX Companies's payout ratio is 40.00%.

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.