Catalina Capital Group LLC Sells 3,042 Shares of The TJX Companies, Inc. (NYSE:TJX)

Catalina Capital Group LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 31.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,710 shares of the apparel and home fashions retailer's stock after selling 3,042 shares during the quarter. Catalina Capital Group LLC's holdings in TJX Companies were worth $817,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after purchasing an additional 235 shares during the period. Allworth Financial LP increased its holdings in TJX Companies by 30.5% during the 4th quarter. Allworth Financial LP now owns 15,821 shares of the apparel and home fashions retailer's stock valued at $1,939,000 after purchasing an additional 3,697 shares during the period. Valmark Advisers Inc. raised its position in TJX Companies by 10.0% during the 4th quarter. Valmark Advisers Inc. now owns 2,890 shares of the apparel and home fashions retailer's stock valued at $349,000 after purchasing an additional 262 shares during the last quarter. Finally, Highview Capital Management LLC DE lifted its holdings in TJX Companies by 4.4% in the 4th quarter. Highview Capital Management LLC DE now owns 25,565 shares of the apparel and home fashions retailer's stock worth $3,089,000 after buying an additional 1,078 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. TD Securities boosted their target price on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. UBS Group reissued a "buy" rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Loop Capital set a $150.00 target price on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Stock Down 0.4%

Shares of TJX Companies stock traded down $0.54 during midday trading on Thursday, hitting $122.48. The company had a trading volume of 4,920,927 shares, compared to its average volume of 5,206,952. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The stock has a market capitalization of $136.82 billion, a P/E ratio of 28.82, a P/E/G ratio of 2.91 and a beta of 0.90. The company has a 50 day moving average of $127.86 and a 200 day moving average of $124.14.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the business'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 completion of the sale, the director now owns 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

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.