The TJX Companies, Inc. (NYSE:TJX) Stock Holdings Lowered by Somerville Kurt F

Somerville Kurt F cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.3% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 137,393 shares of the apparel and home fashions retailer's stock after selling 3,296 shares during the period. TJX Companies comprises approximately 2.9% of Somerville Kurt F's holdings, making the stock its 15th largest position. Somerville Kurt F's holdings in TJX Companies were worth $16,734,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Millstone Evans Group LLC acquired a new position in TJX Companies during the 4th quarter valued at about $30,000. Atlantic Edge Private Wealth Management LLC raised its stake in TJX Companies by 58.8% in the first 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 in the last quarter. Iron Horse Wealth Management LLC raised its stake in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in TJX Companies during the first quarter worth about $37,000. Finally, Rialto Wealth Management LLC raised its stake in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after acquiring an additional 179 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of 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 transaction 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 Price Performance

Shares of TJX Companies stock traded up $0.02 during trading on Tuesday, reaching $124.96. 1,230,187 shares of the company's stock were exchanged, compared to its average volume of 5,173,276. 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 price is $126.19 and its 200 day moving average price is $124.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The company has a market cap of $139.59 billion, a P/E ratio of 29.39, a PEG ratio of 2.85 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm 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. The company's revenue was up 5.1% compared to the same quarter last year. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.36%. TJX Companies's dividend payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TJX shares. Daiwa Capital Markets started coverage on TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price on the stock. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. Robert W. Baird increased their price target on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $141.06.

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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