Northstar Advisory Group LLC Lowers Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Northstar Advisory Group LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 67.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,331 shares of the apparel and home fashions retailer’s stock after selling 6,848 shares during the quarter. Northstar Advisory Group LLC’s holdings in TJX Companies were worth $406,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bogart Wealth LLC purchased a new stake in TJX Companies in the fourth quarter worth about $25,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies in the 4th quarter worth approximately $30,000. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth approximately $30,000. Promus Capital LLC bought a new position in TJX Companies during the 4th quarter valued at approximately $32,000. Finally, Tacita Capital Inc purchased a new position in TJX Companies during the fourth quarter valued at $38,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 0.9%

TJX Companies stock opened at $128.55 on Monday. The TJX Companies, Inc. has a 12-month low of $106.18 and a 12-month high of $135.85. The firm has a market capitalization of $143.60 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 2.75 and a beta of 0.90. The firm has a 50 day moving average of $127.63 and a 200 day moving average of $124.17. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 EPS. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TJX shares. TD Securities raised their price target on TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a research note on Thursday, May 22nd. Barclays reaffirmed an “overweight” rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Wells Fargo & Company reiterated an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Cowen restated a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.53.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

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.