The TJX Companies, Inc. (NYSE:TJX) Stake Cut by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,399 shares of the apparel and home fashions retailer’s stock after selling 110 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in TJX Companies were worth $446,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Valued Wealth Advisors LLC boosted its holdings 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 acquiring an additional 177 shares during the period. First Pacific Financial acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $29,000. Frazier Financial Advisors LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $27,000. OFI Invest Asset Management acquired a new position in shares of TJX Companies during the first quarter worth approximately $30,000. Finally, AlphaMark Advisors LLC grew its holdings in TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX traded up $0.64 on Thursday, hitting $113.66. 2,962,039 shares of the stock traded hands, compared to its average volume of 5,373,570. The business has a fifty day moving average price of $109.54 and a two-hundred day moving average price of $101.49. 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 TJX Companies, Inc. has a 52 week low of $85.27 and a 52 week high of $115.35. The firm has a market capitalization of $128.45 billion, a PE ratio of 28.01, a P/E/G ratio of 3.03 and a beta of 0.88.

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

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is 37.22%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. UBS Group lifted their price target on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Barclays upped their target price on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Robert W. Baird lifted their price target on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research report on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $112.67.

Insider Buying and Selling at TJX Companies

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

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.