Truist Financial Corp Sells 32,062 Shares of The TJX Companies, Inc. (NYSE:TJX)

Truist Financial Corp trimmed its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 521,369 shares of the apparel and home fashions retailer's stock after selling 32,062 shares during the quarter. Truist Financial Corp's holdings in TJX Companies were worth $63,503,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Catalyst Capital Advisors LLC grew its holdings in TJX Companies by 93.6% in the first quarter. Catalyst Capital Advisors LLC now owns 2,106 shares of the apparel and home fashions retailer's stock worth $257,000 after purchasing an additional 1,018 shares during the period. Global Wealth Management Investment Advisory Inc. grew its holdings in TJX Companies by 7.7% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 16,374 shares of the apparel and home fashions retailer's stock worth $1,994,000 after purchasing an additional 1,170 shares during the period. SMART Wealth LLC grew its holdings in TJX Companies by 20.6% in the first quarter. SMART Wealth LLC now owns 5,109 shares of the apparel and home fashions retailer's stock worth $622,000 after purchasing an additional 873 shares during the period. IFM Investors Pty Ltd grew its holdings in TJX Companies by 9.7% in the first quarter. IFM Investors Pty Ltd now owns 221,844 shares of the apparel and home fashions retailer's stock worth $26,076,000 after purchasing an additional 19,702 shares during the period. Finally, 44 Wealth Management LLC grew its holdings in shares of TJX Companies by 4.5% during the first quarter. 44 Wealth Management LLC now owns 13,482 shares of the apparel and home fashions retailer's stock valued at $1,642,000 after buying an additional 581 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.6%

TJX Companies stock traded down $0.78 during midday trading on Tuesday, hitting $124.39. 1,199,022 shares of the stock were exchanged, compared to its average volume of 5,390,232. The stock has a market capitalization of $138.96 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The business's 50-day moving average price is $127.12 and its 200-day moving average price is $124.09.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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. The business 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%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is 40.00%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TJX. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Robert W. Baird lifted their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Finally, Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.06.

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.