Motiv8 Investments LLC Sells 423 Shares of The TJX Companies, Inc. (NYSE:TJX)

Motiv8 Investments LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,288 shares of the apparel and home fashions retailer’s stock after selling 423 shares during the quarter. Motiv8 Investments LLC’s holdings in TJX Companies were worth $1,131,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of TJX Companies in the 4th quarter worth about $1,670,565,000. Raymond James Financial Inc. purchased a new position in TJX Companies during the fourth quarter valued at $570,342,000. GAMMA Investing LLC increased its stake in TJX Companies by 14,486.1% during the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer’s stock valued at $354,696,000 after purchasing an additional 2,892,151 shares in the last quarter. Capital Research Global Investors lifted its stake in shares of TJX Companies by 689.6% in the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock worth $313,512,000 after buying an additional 2,266,415 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of 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 buying an additional 1,845,225 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 1.6%

TJX Companies stock opened at $122.59 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The firm has a market cap of $136.95 billion, a PE ratio of 28.84, a P/E/G ratio of 2.95 and a beta of 0.90. The stock’s 50 day simple moving average is $127.40 and its two-hundred day simple moving average is $124.07. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85.

TJX Companies (NYSE:TJX) last announced its 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 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the prior year, the company posted $0.93 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TJX shares. Barclays reaffirmed an “overweight” rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 21st. BMO Capital Markets reiterated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, UBS Group restated a “buy” rating and set a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.53.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the 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 transaction, the director now owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

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.