The TJX Companies, Inc. (NYSE:TJX) Shares Sold by LS Investment Advisors LLC

LS Investment Advisors LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 12.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,879 shares of the apparel and home fashions retailer’s stock after selling 266 shares during the period. LS Investment Advisors LLC’s holdings in TJX Companies were worth $229,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TJX. Bogart Wealth LLC acquired a new stake in TJX Companies in the fourth quarter valued at about $25,000. SOA Wealth Advisors LLC. purchased a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $30,000. Promus Capital LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $32,000. Finally, Tacita Capital Inc purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Robert W. Baird increased their price objective on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a report on Wednesday, May 21st. UBS Group reissued a “buy” rating and set a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Wells Fargo & Company restated an “equal weight” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $141.53.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $128.12 on Thursday. The TJX Companies, Inc. has a 1 year low of $105.53 and a 1 year high of $135.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The business has a 50 day moving average price of $127.41 and a 200 day moving average price of $124.00. The company has a market capitalization of $143.12 billion, a P/E ratio of 30.15, a P/E/G ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter last year, the business posted $0.93 earnings per share. TJX Companies’s revenue was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies’s dividend payout ratio is 40.00%.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies 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.