Burney Co. Sells 3,487 Shares of The TJX Companies, Inc. (NYSE:TJX)

Burney Co. lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 188,423 shares of the apparel and home fashions retailer's stock after selling 3,487 shares during the period. TJX Companies comprises 0.8% of Burney Co.'s holdings, making the stock its 25th largest holding. Burney Co.'s holdings in TJX Companies were worth $22,950,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TJX. Millstone Evans Group LLC bought a new position in TJX Companies during the fourth quarter worth $30,000. Atlantic Edge Private Wealth Management LLC raised its stake in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC raised its stake in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC bought a new position in TJX Companies during the first quarter worth $37,000. Finally, Rialto Wealth Management LLC raised its stake in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the 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 completion of the sale, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TJX. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Cowen restated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price for the company. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $141.06.

TJX Companies Trading Up 0.0%

Shares of TJX Companies stock traded up $0.03 during trading on Friday, reaching $126.29. The company's stock had a trading volume of 5,143,159 shares, compared to its average volume of 5,343,958. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a market cap of $141.07 billion, a price-to-earnings ratio of 29.71, a PEG ratio of 2.95 and a beta of 0.88. The firm's 50-day moving average is $125.72 and its two-hundred day moving average is $124.24. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

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 business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 EPS. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.35%. TJX Companies's payout ratio is currently 40.00%.

TJX Companies 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.