PFG Investments LLC Sells 134 Shares of The TJX Companies, Inc. (NYSE:TJX)

PFG Investments LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,765 shares of the apparel and home fashions retailer’s stock after selling 134 shares during the period. PFG Investments LLC’s holdings in TJX Companies were worth $2,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Vanguard Group Inc. grew its holdings in 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 purchasing an additional 578,948 shares during the period. Geode Capital Management LLC grew its holdings in TJX Companies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock valued at $2,930,965,000 after purchasing an additional 464,995 shares during the period. Capital International Investors grew its holdings in TJX Companies by 4.5% during the fourth quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock valued at $1,769,600,000 after purchasing an additional 626,739 shares during the period. Northern Trust Corp grew its holdings in TJX Companies by 15.2% during 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 period. Finally, Norges Bank bought a new position in TJX Companies during the fourth quarter valued at $1,670,565,000. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now owns 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.7%

Shares of TJX stock opened at $123.35 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. The company has a market capitalization of $137.80 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 2.92 and a beta of 0.90. The business’s fifty day moving average is $127.66 and its 200 day moving average is $124.10.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company had revenue of $13.11 billion for 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. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.38%. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

Analyst Upgrades and Downgrades

TJX has been the subject of several research reports. Robert W. Baird increased their price objective on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. TD Securities increased their target price on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Telsey Advisory Group restated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their target price on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Finally, Morgan Stanley set a $140.00 target price on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus 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.