Stanley Laman Group Ltd. Trims Stake in The TJX Companies, Inc. (NYSE:TJX)

Stanley Laman Group Ltd. trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,393 shares of the apparel and home fashions retailer's stock after selling 4,616 shares during the quarter. Stanley Laman Group Ltd.'s holdings in TJX Companies were worth $4,311,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Everhart Financial Group Inc. boosted its position in TJX Companies by 8.6% during the 1st quarter. Everhart Financial Group Inc. now owns 11,442 shares of the apparel and home fashions retailer's stock valued at $1,394,000 after acquiring an additional 906 shares in the last quarter. Smithbridge Asset Management Inc. DE bought a new stake in TJX Companies during the 1st quarter valued at approximately $8,664,000. Osprey Private Wealth LLC boosted its position in TJX Companies by 8.3% during the 1st quarter. Osprey Private Wealth LLC now owns 29,130 shares of the apparel and home fashions retailer's stock valued at $3,548,000 after acquiring an additional 2,225 shares in the last quarter. RMR Wealth Builders boosted its position in TJX Companies by 27.1% during the 1st quarter. RMR Wealth Builders now owns 15,692 shares of the apparel and home fashions retailer's stock valued at $1,911,000 after acquiring an additional 3,345 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its position in TJX Companies by 92.4% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 8,993 shares of the apparel and home fashions retailer's stock valued at $1,095,000 after acquiring an additional 4,319 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.71 during midday trading on Friday, hitting $123.75. 3,786,474 shares of the stock traded hands, compared to its average volume of 5,206,524. The firm has a market capitalization of $138.25 billion, a P/E ratio of 29.12, a PEG ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a 50-day moving average of $127.91 and a two-hundred day moving average of $124.20.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. TJX Companies's revenue was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed 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. This represents a $1.70 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays reiterated an "overweight" rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. TD Securities lifted their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the company'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 now directly owns 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

About TJX Companies

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.