The TJX Companies, Inc. (NYSE:TJX) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC reduced its position in The TJX Companies by 32.6%, selling 15,135 shares and owning 31,256 shares worth approximately $3.8 million as of the first quarter.
• Several large investors, including Capital International Investors and Northern Trust Corp, increased their stakes in TJX Companies, indicating heightened institutional interest in the stock.
• The company recently announced a quarterly dividend of $0.425 per share, which translates to an annual yield of 1.3%, and has a dividend payout ratio of 40.00%.

New Age Alpha Advisors LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 32.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,256 shares of the apparel and home fashions retailer's stock after selling 15,135 shares during the period. New Age Alpha Advisors LLC's holdings in TJX Companies were worth $3,807,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Capital International Investors increased its stake in shares of TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after buying an additional 626,739 shares during the period. Northern Trust Corp increased its stake in shares of TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after buying an additional 1,845,225 shares during the period. Royal Bank of Canada increased its stake in shares of TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after buying an additional 1,403,561 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of TJX Companies by 10.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,187,824 shares of the apparel and home fashions retailer's stock worth $1,230,791,000 after buying an additional 1,005,260 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of TJX Companies by 1.9% during the fourth quarter. Janus Henderson Group PLC now owns 8,018,894 shares of the apparel and home fashions retailer's stock worth $968,758,000 after buying an additional 146,139 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's 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 completion of the sale, the director 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $128.90 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The stock has a fifty day moving average price of $125.10 and a 200 day moving average price of $124.59. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The company has a market cap of $143.99 billion, a PE ratio of 30.33, a P/E/G ratio of 3.01 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period last year, the company earned $0.93 earnings per share. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced 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 yield of 1.3%. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TJX shares. TD Securities upped their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One research 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 MarketBeat.com, TJX Companies presently has an average rating of "Buy" and a consensus price target of $141.06.

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.

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