Midland Wealth Advisors LLC Sells 358 Shares of The TJX Companies, Inc. (NYSE:TJX)

Midland Wealth Advisors LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,936 shares of the apparel and home fashions retailer’s stock after selling 358 shares during the period. Midland Wealth Advisors LLC’s holdings in TJX Companies were worth $1,697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Vanguard Group Inc. grew its stake in shares of TJX Companies by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock valued at $11,998,201,000 after buying an additional 578,948 shares during the last quarter. Geode Capital Management LLC grew its position in TJX Companies by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock worth $2,930,965,000 after acquiring an additional 464,995 shares during the last quarter. Capital International Investors increased its stake in TJX Companies by 4.5% in the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock worth $1,769,600,000 after purchasing an additional 626,739 shares during the period. Northern Trust Corp lifted its position in TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock valued at $1,689,628,000 after purchasing an additional 1,845,225 shares during the last quarter. Finally, Norges Bank bought a new stake in TJX Companies in the fourth quarter valued at approximately $1,670,565,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of several recent analyst reports. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a report on Wednesday, May 21st. Barclays reissued an “overweight” rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 21st. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

TJX Companies Stock Up 0.9%

Shares of NYSE:TJX opened at $128.55 on Monday. The firm has a market capitalization of $143.60 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.75 and a beta of 0.90. The stock has a 50 day moving average price of $127.63 and a 200-day moving average price of $124.17. The TJX Companies, Inc. has a 52-week low of $106.18 and a 52-week high of $135.85. 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 announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.32%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, May 15th. TJX Companies’s dividend payout ratio is 40.00%.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director now directly owns 22,712 shares of the company’s stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by 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.