Avity Investment Management Inc. Sells 2,405 Shares of The TJX Companies, Inc. (NYSE:TJX)

Avity Investment Management Inc. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 362,159 shares of the apparel and home fashions retailer’s stock after selling 2,405 shares during the period. TJX Companies accounts for 3.0% of Avity Investment Management Inc.’s holdings, making the stock its 19th largest position. Avity Investment Management Inc.’s holdings in TJX Companies were worth $36,730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Frazier Financial Advisors LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at approximately $27,000. Anchor Investment Management LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $28,000. BKM Wealth Management LLC bought a new stake in shares of TJX Companies during the 4th quarter worth $30,000. Register Financial Advisors LLC acquired a new stake in TJX Companies in the first quarter valued at about $37,000. Finally, Sachetta LLC bought a new position in TJX Companies in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the transaction, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

TJX has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research note on Tuesday, May 21st. UBS Group raised their target price on shares of TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. BMO Capital Markets upped their price target on shares of TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Evercore ISI set a $113.00 price objective on TJX Companies in a report on Tuesday, May 21st. Finally, Barclays boosted their price objective on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.37.

TJX Companies Stock Down 0.4 %

TJX Companies stock traded down $0.45 during midday trading on Friday, hitting $110.10. 12,781,419 shares of the stock were exchanged, compared to its average volume of 6,462,926. The stock has a market capitalization of $124.43 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.96 and a beta of 0.87. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $102.48 and its 200-day moving average price is $98.21. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. On average, research analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. TJX Companies’s payout ratio is currently 37.22%.

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.