The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,595 shares of the apparel and home fashions retailer's stock after selling 5,047 shares during the quarter. Mutual of America Capital Management LLC's holdings in TJX Companies were worth $17,368,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of 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 valued at $36,000 after purchasing an additional 110 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in TJX Companies during the 1st quarter valued at approximately $37,000. Rialto Wealth Management LLC grew its stake in TJX Companies by 105.9% during the 1st 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. Proathlete Wealth Management LLC acquired a new stake in TJX Companies in the first quarter worth $52,000. Finally, Coppell Advisory Solutions LLC lifted its stake in TJX Companies by 31.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 435 shares of the apparel and home fashions retailer's stock valued at $53,000 after buying an additional 105 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an "overweight" 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. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $141.06.

TJX Companies Stock Performance

Shares of TJX opened at $132.10 on Thursday. The firm has a 50-day moving average price of $125.22 and a 200 day moving average price of $124.64. The firm has a market capitalization of $147.57 billion, a PE ratio of 31.08, a P/E/G ratio of 3.00 and a beta of 0.89. 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 TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. TJX Companies's revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate 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 paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. TJX Companies's payout ratio is currently 40.00%.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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.

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