The TJX Companies, Inc. (NYSE:TJX) Director Sells $121,685.50 in Stock

The TJX Companies, Inc. (NYSE:TJX) Director Amy B. Lane sold 950 shares of the business’s 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 now directly owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $128.55 on Friday. The stock has a 50 day moving average of $127.63 and a 200 day moving average of $124.11. The TJX Companies, Inc. has a 12 month low of $106.18 and a 12 month high of $135.85. The firm has a market cap of $143.60 billion, a PE ratio of 30.25, a PEG ratio of 2.75 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating 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 company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were paid a dividend of $0.425 per share. The ex-dividend date was Thursday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. TJX Companies’s dividend payout ratio is presently 40.00%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Cowen reissued a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. Loop Capital set a $150.00 price target on TJX Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price target on TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, June 2nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.53.

Institutional Investors Weigh In On TJX Companies

Several institutional investors have recently modified their holdings of TJX. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at approximately $25,000. TCTC Holdings LLC lifted its stake in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies in the 4th quarter valued at approximately $30,000. Millstone Evans Group LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at approximately $30,000. Finally, Promus Capital LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at approximately $32,000. 91.09% of the stock is owned by institutional investors.

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.