The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. lessened its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,015 shares of the apparel and home fashions retailer’s stock after selling 5,885 shares during the period. TJX Companies accounts for approximately 1.5% of Connors Investor Services Inc.’s portfolio, making the stock its 28th largest position. Connors Investor Services Inc.’s holdings in TJX Companies were worth $14,302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bedel Financial Consulting Inc. lifted its holdings in shares of TJX Companies by 3.4% during the 4th quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock valued at $299,000 after acquiring an additional 104 shares in the last quarter. TRUE Private Wealth Advisors raised its stake in shares of TJX Companies by 3.7% during the first quarter. TRUE Private Wealth Advisors now owns 2,932 shares of the apparel and home fashions retailer’s stock valued at $297,000 after purchasing an additional 104 shares during the period. Tandem Investment Advisors Inc. boosted its stake in shares of TJX Companies by 1.8% in the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock valued at $548,000 after purchasing an additional 106 shares during the period. TCI Wealth Advisors Inc. grew its holdings in TJX Companies by 2.6% during the 1st quarter. TCI Wealth Advisors Inc. now owns 4,214 shares of the apparel and home fashions retailer’s stock valued at $427,000 after purchasing an additional 106 shares in the last quarter. Finally, Alhambra Investment Management LLC lifted its holdings in TJX Companies by 2.0% in the 4th quarter. Alhambra Investment Management LLC now owns 5,433 shares of the apparel and home fashions retailer’s stock worth $510,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of several analyst reports. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Barclays boosted their price target on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Morgan Stanley lifted their price objective on shares of TJX Companies from $113.00 to $122.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Evercore ISI set a $113.00 price target on shares of TJX Companies in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $112.67.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, 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. Insiders sold 50,003 shares of company stock valued at $5,060,941 in the last quarter. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 1.1 %

Shares of TJX Companies stock traded down $1.28 on Friday, reaching $111.75. 5,722,025 shares of the company were exchanged, compared to its average volume of 4,941,217. The stock has a fifty day moving average price of $107.39 and a 200-day moving average price of $100.48. The firm has a market capitalization of $126.29 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. The TJX Companies, Inc. has a fifty-two week low of $85.27 and a fifty-two week high of $115.35. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38.

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 company had revenue of $12.48 billion for 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%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. On average, analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current year.

TJX Companies Announces Dividend

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

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.