The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Renaissance Investment Group LLC

Key Points

• Renaissance Investment Group LLC reduced its holdings in TJX Companies by 6.0%, owning 142,173 shares valued at approximately $17.3 million, making it the firm's third-largest position.
• Several analysts have upgraded their ratings for TJX Companies, with a consensus target price of $141.06, indicating generally positive sentiment towards the stock.
• TJX announced a quarterly dividend of $0.425 per share, representing an annualized amount of $1.70 and a dividend yield of 1.36%.

Renaissance Investment Group LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 142,173 shares of the apparel and home fashions retailer's stock after selling 9,045 shares during the period. TJX Companies accounts for 4.2% of Renaissance Investment Group LLC's portfolio, making the stock its 3rd largest position. Renaissance Investment Group LLC's holdings in TJX Companies were worth $17,317,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. TCTC Holdings LLC grew its holdings in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of 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 buying an additional 110 shares during the period. Iron Horse Wealth Management LLC grew its holdings in shares of 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 buying an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies in the 1st quarter valued at $37,000. Finally, Rialto Wealth Management LLC grew its holdings in shares of 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 buying an additional 179 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. TD Securities boosted their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, UBS Group reaffirmed a "buy" rating and issued a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $141.06.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Trading Down 0.9%

Shares of NYSE:TJX opened at $125.28 on Tuesday. The company's 50-day moving average price is $125.39 and its two-hundred day moving average price is $124.35. 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 TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The stock has a market capitalization of $139.95 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $13.11 billion for 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%. TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company 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 dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. TJX Companies's dividend payout ratio is presently 40.00%.

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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