Lawson Kroeker Investment Management Inc. NE Decreases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Lawson Kroeker Investment Management Inc. NE trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,593 shares of the apparel and home fashions retailer's stock after selling 2,324 shares during the quarter. Lawson Kroeker Investment Management Inc. NE's holdings in TJX Companies were worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in TJX Companies in the fourth quarter valued at about $1,670,565,000. Raymond James Financial Inc. purchased a new position in shares of TJX Companies during the 4th quarter worth approximately $570,342,000. GAMMA Investing LLC lifted its holdings in shares of TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after buying an additional 2,892,151 shares during the period. Capital Research Global Investors lifted its holdings in shares of TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after buying an additional 2,266,415 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after buying an additional 1,845,225 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TJX. UBS Group reissued a "buy" rating and issued a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Robert W. Baird upped their target price 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. Barclays reaffirmed an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $141.53.

TJX Companies Trading Up 0.5%

NYSE:TJX traded up $0.67 on Friday, reaching $125.98. The stock had a trading volume of 2,986,646 shares, compared to its average volume of 5,201,556. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The company has a market cap of $140.73 billion, a price-to-earnings ratio of 29.64, a P/E/G ratio of 2.94 and a beta of 0.88. The firm's fifty day moving average is $127.16 and its two-hundred day moving average is $124.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued 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 1.35%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction on 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 directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

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.