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

Novare Capital Management LLC lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 100,087 shares of the apparel and home fashions retailer's stock after selling 2,182 shares during the period. Novare Capital Management LLC's holdings in TJX Companies were worth $12,191,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in TJX Companies in the 4th quarter valued at about $30,000. Promus Capital LLC acquired a new position in TJX Companies in the 4th quarter valued at about $32,000. Inlight Wealth Management LLC acquired a new position in TJX Companies during the 1st quarter worth approximately $37,000. Rialto Wealth Management LLC increased its position 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 purchasing an additional 179 shares during the period. Finally, Proathlete Wealth Management LLC acquired a new position in TJX Companies during the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

TJX stock traded up $0.16 on Tuesday, reaching $125.33. The company had a trading volume of 5,631,674 shares, compared to its average volume of 5,424,729. 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 $140.01 billion, a P/E ratio of 29.49, a PEG ratio of 2.94 and a beta of 0.88. 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 company's fifty day moving average is $127.12 and its 200 day moving average is $124.09.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm earned $0.93 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 annualized dividend and a yield of 1.36%. TJX Companies's dividend payout ratio is currently 40.00%.

Analyst Ratings Changes

TJX has been the topic of several recent analyst reports. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Loop Capital set a $150.00 target price on TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Robert W. Baird boosted their target price on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Finally, Barclays reiterated an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $141.06.

Insider Transactions at TJX Companies

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 completion of the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

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.