Stratos Wealth Partners LTD. Sells 3,201 Shares of The TJX Companies, Inc. (NYSE:TJX)

Stratos Wealth Partners LTD. reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,030 shares of the apparel and home fashions retailer's stock after selling 3,201 shares during the period. Stratos Wealth Partners LTD.'s holdings in TJX Companies were worth $3,780,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Millstone Evans Group LLC bought a new stake in TJX Companies during the 4th quarter valued at $30,000. Atlantic Edge Private Wealth Management LLC increased its position in TJX Companies by 58.8% during 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 purchasing an additional 110 shares during the period. Inlight Wealth Management LLC bought a new position in TJX Companies in the 1st quarter worth $37,000. Rialto Wealth Management LLC raised its holdings in 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 worth $42,000 after purchasing an additional 179 shares in the last quarter. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of TJX Companies in the 1st quarter worth about $52,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.4%

TJX stock traded down $0.47 during trading on Friday, hitting $123.69. 4,145,943 shares of the stock traded hands, compared to its average volume of 5,202,666. The stock has a market cap of $138.17 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 2.90 and a beta of 0.88. 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 1 year low of $107.71 and a 1 year high of $135.85. The firm's 50 day moving average is $126.82 and its two-hundred day moving average is $124.13.

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

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid 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 dividend payout ratio is currently 40.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research report on Wednesday, May 21st. Morgan Stanley set a $140.00 target price on TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Robert W. Baird lifted their price target on TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, Barclays reaffirmed an "overweight" rating and issued a $147.00 price target (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $141.06.

Insider Buying and Selling 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 transaction of $121,685.50. Following the sale, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

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.