Harrington Investments INC Sells 287 Shares of The TJX Companies, Inc. (NYSE:TJX)

Harrington Investments INC lowered its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 32,794 shares of the apparel and home fashions retailer’s stock after selling 287 shares during the period. TJX Companies makes up 2.3% of Harrington Investments INC’s investment portfolio, making the stock its 13th biggest position. Harrington Investments INC’s holdings in TJX Companies were worth $3,994,000 at the end of the most recent quarter.

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

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $128.55 on Friday. The firm has a market cap of $143.60 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 52-week low of $106.18 and a 52-week high of $135.85. The business’s 50 day moving average price is $127.63 and its two-hundred day moving average price is $124.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.425 per share. The ex-dividend date was Thursday, May 15th. This represents a $1.70 annualized dividend and a dividend yield of 1.32%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TJX shares. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Wells Fargo & Company reiterated an “equal weight” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Cowen reaffirmed a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday, June 2nd. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.53.

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.