Kornitzer Capital Management Inc. KS Sells 5,705 Shares of The TJX Companies, Inc. (NYSE:TJX)

Kornitzer Capital Management Inc. KS reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 45.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,744 shares of the apparel and home fashions retailer's stock after selling 5,705 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in TJX Companies were worth $821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new stake in TJX Companies in the 4th quarter valued at $30,000. Atlantic Edge Private Wealth Management LLC boosted its stake in TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC boosted its stake in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC bought a new stake in TJX Companies in the 1st quarter valued at $37,000. Finally, Rialto Wealth Management LLC boosted its stake in 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 purchasing an additional 179 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The stock was 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. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Finally, Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of "Buy" and an average price target of $141.06.

TJX Companies Stock Performance

NYSE:TJX traded up $0.01 during trading hours on Friday, reaching $122.18. The stock had a trading volume of 3,464,315 shares, compared to its average volume of 5,192,437. 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 50 day simple moving average of $126.19 and a 200 day simple moving average of $124.10. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The stock has a market cap of $136.49 billion, a P/E ratio of 28.75, a price-to-earnings-growth ratio of 2.85 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS 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. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

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.