The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,393 shares of the apparel and home fashions retailer’s stock after selling 4,616 shares during the period. Stanley Laman Group Ltd.’s holdings in TJX Companies were worth $4,311,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after purchasing an additional 8,002 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after purchasing an additional 235 shares during the period. Empowered Funds LLC lifted its position in shares of TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after purchasing an additional 3,691 shares in the last quarter. Sovran Advisors LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $515,000. Finally, Leavell Investment Management Inc. boosted its stake in shares of TJX Companies by 11.7% in the fourth quarter. Leavell Investment Management Inc. now owns 3,834 shares of the apparel and home fashions retailer’s stock valued at $463,000 after purchasing an additional 403 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.2%

TJX Companies stock opened at $124.34 on Friday. The TJX Companies, Inc. has a 52 week low of $106.89 and a 52 week high of $135.85. The stock has a market cap of $138.90 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 2.75 and a beta of 0.90. The company’s 50-day moving average price is $127.83 and its two-hundred day moving average price is $124.22. 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 posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same period last year, the firm posted $0.93 earnings per share. The business’s revenue was up 5.1% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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 issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. TJX Companies’s payout ratio is currently 40.00%.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upped their price objective on TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday, June 2nd. TD Securities lifted their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.53.

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.