Raymond James & Associates Sells 42,859 Shares of The TJX Companies, Inc. (NYSE:TJX)

Raymond James & Associates decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,854,674 shares of the apparel and home fashions retailer’s stock after selling 42,859 shares during the quarter. Raymond James & Associates owned approximately 0.25% of TJX Companies worth $314,300,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TJX. Capital Analysts LLC grew its stake in shares of TJX Companies by 2.5% in the fourth quarter. Capital Analysts LLC now owns 5,939 shares of the apparel and home fashions retailer’s stock worth $558,000 after acquiring an additional 145 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of TJX Companies by 9.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 119,994 shares of the apparel and home fashions retailer’s stock worth $11,256,000 after acquiring an additional 9,895 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in TJX Companies by 76.4% during the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,696 shares of the apparel and home fashions retailer’s stock worth $253,000 after buying an additional 1,168 shares in the last quarter. AIA Group Ltd boosted its stake in TJX Companies by 33.2% during the fourth quarter. AIA Group Ltd now owns 49,200 shares of the apparel and home fashions retailer’s stock worth $4,615,000 after buying an additional 12,276 shares in the last quarter. Finally, Xponance Inc. boosted its stake in TJX Companies by 1.1% during the fourth quarter. Xponance Inc. now owns 266,331 shares of the apparel and home fashions retailer’s stock worth $24,985,000 after buying an additional 2,996 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $0.03 during trading on Friday, reaching $111.45. The company’s stock had a trading volume of 4,656,333 shares, compared to its average volume of 5,384,507. The stock has a 50-day moving average price of $111.15 and a two-hundred day moving average price of $102.76. 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 one year low of $86.71 and a one year high of $115.35. The stock has a market capitalization of $125.96 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 2.90 and a beta of 0.88.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.12 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.35%. TJX Companies’s dividend payout ratio is currently 37.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TJX shares. Robert W. Baird lifted their price target on shares of TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. 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 note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research note on Tuesday, May 21st. TD Cowen lifted their price target on shares of TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Finally, Barclays boosted their target price on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.79.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now directly owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. In the last three months, insiders sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is currently owned by 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.