Sequoia Financial Advisors LLC Cuts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Sequoia Financial Advisors LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,826 shares of the apparel and home fashions retailer’s stock after selling 7,170 shares during the period. Sequoia Financial Advisors LLC’s holdings in TJX Companies were worth $9,414,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Valued Wealth Advisors LLC grew its position in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at about $27,000. Anchor Investment Management LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at about $28,000. First Pacific Financial purchased a new position in shares of TJX Companies during the first quarter valued at about $29,000. Finally, BKM Wealth Management LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of TJX Companies 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 transaction, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at $11,089,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Up 1.1 %

Shares of TJX Companies stock traded up $1.25 on Friday, hitting $111.64. 4,408,825 shares of the company traded hands, compared to its average volume of 4,999,851. The company has a market cap of $126.17 billion, a PE ratio of 27.70, a PEG ratio of 2.95 and a beta of 0.88. The TJX Companies, Inc. has a 52 week low of $82.25 and a 52 week high of $111.79. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $104.01 and its 200-day moving average price is $98.91.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. TJX Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Equities research analysts predict that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

Analyst Ratings Changes

Several research firms recently commented on TJX. Sanford C. Bernstein lifted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Telsey Advisory Group lifted their price target on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Barclays lifted their price target on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Loop Capital lifted their price target on TJX Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, TD Cowen lifted their price target on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $111.50.

TJX Companies Company Profile

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.