The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 905,342 shares of the apparel and home fashions retailer's stock after selling 4,624 shares during the period. TJX Companies makes up about 1.1% of Johnson Investment Counsel Inc.'s holdings, making the stock its 28th largest holding. Johnson Investment Counsel Inc. owned approximately 0.08% of TJX Companies worth $110,271,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Shell Asset Management Co. grew its holdings in shares of TJX Companies by 16.5% during the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock worth $3,524,000 after purchasing an additional 4,128 shares during the period. Pathstone Holdings LLC lifted its position in TJX Companies by 10.1% in the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after buying an additional 67,853 shares during the last quarter. Ethic Inc. boosted its stake in TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock worth $20,196,000 after buying an additional 29,158 shares during the period. Fiduciary Trust Co increased its position in shares of TJX Companies by 5.2% during the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after acquiring an additional 144,113 shares during the last quarter. Finally, Atlas Legacy Advisors LLC acquired a new stake in shares of TJX Companies during the fourth quarter valued at about $433,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Down 0.4%

Shares of NYSE:TJX opened at $122.48 on Thursday. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The firm's 50 day moving average price is $127.86 and its 200 day moving average price is $124.14. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock has a market cap of $136.82 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 2.91 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 analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for 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 quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 dividend yield of 1.39%. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TJX shares. Robert W. Baird increased their price objective 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. UBS Group restated a "buy" rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $141.53.

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.

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