Fairvoy Private Wealth LLC Has $3.10 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Fairvoy Private Wealth LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,478 shares of the apparel and home fashions retailer’s stock after selling 113 shares during the quarter. Fairvoy Private Wealth LLC’s holdings in TJX Companies were worth $3,103,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Shell Asset Management Co. boosted its holdings in TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock valued at $3,524,000 after acquiring an additional 4,128 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in TJX Companies by 10.1% in the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock valued at $88,992,000 after acquiring an additional 67,853 shares during the last quarter. Ethic Inc. boosted its holdings in TJX Companies by 21.1% in the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after acquiring an additional 29,158 shares during the last quarter. Fiduciary Trust Co boosted its holdings in TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after acquiring an additional 144,113 shares during the last quarter. Finally, Congress Asset Management Co. boosted its holdings in TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after acquiring an additional 13,036 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.6%

NYSE:TJX opened at $123.75 on Friday. The firm has a market capitalization of $138.25 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The stock’s 50 day moving average price is $127.91 and its two-hundred day moving average price is $124.19. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its earnings results 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. The business had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio is 40.00%.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Wells Fargo & Company restated an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. Telsey Advisory Group restated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. TD Securities raised their target price on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. 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 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 stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $141.53.

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.