Integrated Advisors Network LLC Sells 383 Shares of The TJX Companies, Inc. (NYSE:TJX)

Integrated Advisors Network LLC lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,840 shares of the apparel and home fashions retailer’s stock after selling 383 shares during the quarter. Integrated Advisors Network LLC’s holdings in TJX Companies were worth $589,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its position in TJX Companies by 113.7% during 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 acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of TJX Companies by 12.1% in the 4th 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 in the last quarter. Leavell Investment Management Inc. raised its stake in 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 worth $463,000 after buying an additional 403 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of TJX Companies by 67.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 296,305 shares of the apparel and home fashions retailer’s stock worth $35,897,000 after purchasing an additional 119,396 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of TJX Companies by 3.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 528,460 shares of the apparel and home fashions retailer’s stock valued at $65,478,000 after buying an additional 15,980 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock opened at $123.75 on Friday. The stock has a market cap of $138.25 billion, a P/E ratio of 29.12, 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. The company has a 50-day moving average price of $127.91 and a 200 day moving average price of $124.20. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85.

TJX Companies (NYSE:TJX) last issued 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 firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the firm earned $0.93 EPS. TJX Companies’s revenue was up 5.1% on a year-over-year basis. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies’s payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. 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. UBS Group reaffirmed a “buy” rating and issued a $164.00 price objective (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Robert W. Baird raised their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $141.53.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.