Tyler Stone Wealth Management Sells 448 Shares of The TJX Companies, Inc. (NYSE:TJX)

Tyler Stone Wealth Management decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 9.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,201 shares of the apparel and home fashions retailer’s stock after selling 448 shares during the period. Tyler Stone Wealth Management’s holdings in TJX Companies were worth $512,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in TJX Companies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock worth $12,230,396,000 after purchasing an additional 1,099,129 shares during the period. Northern Trust Corp raised its position in TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the period. Royal Bank of Canada raised its position in TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer’s stock worth $1,486,074,000 after purchasing an additional 1,403,561 shares during the period. Nuveen LLC purchased a new stake in TJX Companies in the 1st quarter worth about $1,330,717,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TJX Companies by 10.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,187,824 shares of the apparel and home fashions retailer’s stock worth $1,230,791,000 after purchasing an additional 1,005,260 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction 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 transaction, the director directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $132.58 on Friday. The firm’s fifty day simple moving average is $125.91 and its two-hundred day simple moving average is $125.11. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 12-month low of $110.96 and a 12-month high of $135.85. The firm has a market capitalization of $148.11 billion, a P/E ratio of 31.20, a P/E/G ratio of 3.09 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business 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 company earned $0.93 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s payout ratio is currently 40.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on TJX shares. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an “outperform” rating and a $133.00 price target for the company. Robert W. Baird lifted their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Finally, Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $141.33.

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.