The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Spire Wealth Management

Spire Wealth Management decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 66.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,805 shares of the apparel and home fashions retailer's stock after selling 19,109 shares during the quarter. Spire Wealth Management's holdings in TJX Companies were worth $1,194,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in shares of TJX Companies in the 4th quarter worth approximately $30,000. Promus Capital LLC acquired a new position in TJX Companies during the 4th quarter valued at approximately $32,000. Inlight Wealth Management LLC acquired a new position in TJX Companies during the 1st quarter valued at approximately $37,000. Tacita Capital Inc acquired a new position in TJX Companies during the 4th quarter valued at approximately $38,000. Finally, Rialto Wealth Management LLC boosted 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 valued at $42,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction that occurred 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 transaction, the director now owns 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TJX shares. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lifted their target price on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and a consensus price target of $141.53.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $123.27 on Friday. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The business has a 50-day moving average of $127.21 and a two-hundred day moving average of $124.02. The stock has a market capitalization of $137.70 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.89 and a beta of 0.90. 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 announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The business's quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.38%. TJX Companies's dividend payout ratio is presently 40.00%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.