The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Swmg LLC

Swmg LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.7% during the first quarter, Holdings Channel reports. The firm owned 4,776 shares of the apparel and home fashions retailer’s stock after selling 512 shares during the period. Swmg LLC’s holdings in TJX Companies were worth $604,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies in the 4th quarter valued at about $30,000. Promus Capital LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC acquired a new stake in TJX Companies during the 1st quarter worth $37,000. Tacita Capital Inc acquired a new stake in shares of TJX Companies during the fourth quarter worth about $38,000. Finally, Rialto Wealth Management LLC grew its holdings in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Up 1.2%

Shares of TJX stock opened at $124.95 on Wednesday. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $127.19 and a 200-day simple moving average of $123.98. The stock has a market cap of $139.58 billion, a P/E ratio of 29.50, a P/E/G ratio of 2.93 and a beta of 0.88.

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, 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 firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.36%. TJX Companies’s dividend payout ratio (DPR) is 40.00%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a research report on Wednesday, May 21st. Barclays reissued an “overweight” rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Cowen restated a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Finally, Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research note 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’s stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $141.53.

About TJX Companies

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.