Motiv8 Investments LLC Sells 423 Shares of The TJX Companies, Inc. (NYSE:TJX)

Motiv8 Investments LLC lowered its position in The TJX Companies, Inc. (NYSE:TJX) by 4.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 9,288 shares of the apparel and home fashions retailer’s stock after selling 423 shares during the period. Motiv8 Investments LLC’s holdings in TJX Companies were worth $1,131,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TJX. Millstone Evans Group LLC bought a new stake in TJX Companies in the fourth quarter worth approximately $30,000. Promus Capital LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $32,000. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at $37,000. Tacita Capital Inc acquired a new position in shares of TJX Companies during the 4th quarter valued at $38,000. Finally, Rialto Wealth Management LLC lifted its position in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock valued at $42,000 after acquiring an additional 179 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX stock opened at $122.59 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The firm has a 50-day moving average of $127.40 and a 200-day moving average of $124.07. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company has a market cap of $136.95 billion, a P/E ratio of 28.84, a P/E/G ratio of 2.95 and a beta of 0.90.

TJX Companies (NYSE:TJX) last posted its earnings results 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. The firm had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s dividend payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 22nd. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 21st. UBS Group reaffirmed a “buy” rating and issued a $164.00 target price (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Morgan Stanley set a $140.00 price objective on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.53.

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value 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. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.