Xponance Inc. Decreases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Xponance Inc. lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 224,655 shares of the apparel and home fashions retailer's stock after selling 3,932 shares during the period. Xponance Inc.'s holdings in TJX Companies were worth $27,363,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth $30,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of 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 worth $36,000 after buying an additional 110 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies in the first quarter worth $37,000. Rialto Wealth Management LLC raised its position in shares of TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares in the last quarter. Finally, Proathlete Wealth Management LLC purchased a new stake in shares of TJX Companies in the first quarter worth $52,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.4%

Shares of NYSE TJX traded down $0.47 during trading hours on Friday, hitting $123.69. The company's stock had a trading volume of 4,145,943 shares, compared to its average volume of 5,202,666. 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 stock has a market cap of $138.17 billion, a price-to-earnings ratio of 29.10, a P/E/G ratio of 2.90 and a beta of 0.88. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The business has a 50-day simple moving average of $126.82 and a 200-day simple moving average of $124.13.

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 net margin of 8.47% and a return on equity of 58.81%. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the business posted $0.93 earnings per share. TJX Companies's quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.37%. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TJX has been the topic of a number of recent analyst reports. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday. Finally, UBS Group reissued a "buy" rating and issued a $164.00 target price (up previously from $154.00) 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of "Buy" and an average 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.