The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Forbes J M & Co. LLP

Forbes J M & Co. LLP lowered its stake in The TJX Companies, Inc. (NYSE:TJXGet Rating) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,719 shares of the apparel and home fashions retailer’s stock after selling 425 shares during the period. Forbes J M & Co. LLP’s holdings in TJX Companies were worth $8,585,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TJX. Winch Advisory Services LLC increased its position in shares of TJX Companies by 413.3% in the 4th quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 310 shares during the period. Sandy Cove Advisors LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $30,000. Intelligent Financial Strategies purchased a new stake in TJX Companies in the fourth quarter valued at approximately $30,000. MCF Advisors LLC acquired a new position in TJX Companies in the 1st quarter worth approximately $33,000. Finally, West Bancorporation Inc. acquired a new position in TJX Companies in the 4th quarter worth approximately $34,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of TJX Companies in a research note on Tuesday. They set a “neutral” rating and a $70.00 price objective for the company. JPMorgan Chase & Co. decreased their price objective on TJX Companies from $81.00 to $76.00 in a report on Monday, May 16th. TheStreet lowered TJX Companies from a “b” rating to a “c+” rating in a report on Wednesday, May 18th. Credit Suisse Group boosted their price target on TJX Companies from $73.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, May 19th. Finally, Robert W. Baird lowered their target price on shares of TJX Companies from $78.00 to $74.00 and set an “outperform” rating on the stock in a research note on Thursday, May 19th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.50.

Insider Transactions at TJX Companies

In other TJX Companies news, EVP Richard Sherr sold 46,997 shares of the stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $62.25, for a total value of $2,925,563.25. Following the sale, the executive vice president now owns 104,127 shares of the company’s stock, valued at approximately $6,481,905.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Kenneth Canestrari sold 35,827 shares of TJX Companies stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $61.04, for a total value of $2,186,880.08. Following the completion of the transaction, the executive vice president now owns 160,899 shares in the company, valued at $9,821,274.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard Sherr sold 46,997 shares of the stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $62.25, for a total transaction of $2,925,563.25. Following the completion of the sale, the executive vice president now directly owns 104,127 shares in the company, valued at $6,481,905.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,824 shares of company stock valued at $6,973,343. 0.19% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

NYSE TJX opened at $62.82 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.55 and a current ratio of 1.25. The stock’s fifty day moving average is $60.02 and its two-hundred day moving average is $62.38. The firm has a market capitalization of $73.60 billion, a P/E ratio of 22.84, a price-to-earnings-growth ratio of 1.92 and a beta of 0.92. The TJX Companies, Inc. has a fifty-two week low of $53.69 and a fifty-two week high of $77.35.

TJX Companies (NYSE:TJXGet Rating) last posted its earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. TJX Companies had a return on equity of 61.28% and a net margin of 6.69%. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $11.58 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, research analysts anticipate that The TJX Companies, Inc. will post 3.13 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $1.18 annualized dividend and a dividend yield of 1.88%. TJX Companies’s dividend payout ratio (DPR) is 42.91%.

TJX Companies Profile

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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