The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Wendell David Associates Inc.

Wendell David Associates Inc. lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 388,191 shares of the apparel and home fashions retailer's stock after selling 9,390 shares during the quarter. TJX Companies accounts for approximately 4.7% of Wendell David Associates Inc.'s portfolio, making the stock its 5th biggest position. Wendell David Associates Inc.'s holdings in TJX Companies were worth $47,282,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Millstone Evans Group LLC purchased a new stake in TJX Companies during the fourth quarter worth approximately $30,000. Promus Capital LLC purchased a new stake in TJX Companies during the fourth quarter worth approximately $32,000. Tacita Capital Inc purchased a new stake in TJX Companies during the fourth quarter worth approximately $38,000. Rialto Wealth Management LLC lifted 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 purchasing an additional 179 shares during the last quarter. Finally, Sierra Ocean LLC purchased a new stake in TJX Companies during the fourth quarter worth approximately $52,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

TJX Companies stock traded down $1.27 during trading hours on Tuesday, hitting $123.00. The stock had a trading volume of 4,260,458 shares, compared to its average volume of 5,207,673. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market capitalization of $137.40 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The stock's fifty day moving average is $127.99 and its two-hundred day moving average is $124.16.

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

TJX Companies Announces Dividend

The firm also recently announced 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 of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.38%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now directly owns 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on TJX shares. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. TD Securities boosted their target price on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, Loop Capital set a $150.00 price objective on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of "Moderate Buy" and a consensus price target of $141.53.

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.