Sigma Planning Corp lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 7.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,119 shares of the apparel and home fashions retailer’s stock after selling 973 shares during the period. Sigma Planning Corp’s holdings in TJX Companies were worth $950,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of TJX. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of TJX Companies in the first quarter worth $25,000. ICA Group Wealth Management LLC bought a new stake in TJX Companies during the fourth quarter valued at $27,000. Freedom Wealth Alliance LLC bought a new stake in TJX Companies during the fourth quarter valued at $28,000. Lakewood Asset Management LLC bought a new stake in TJX Companies during the fourth quarter valued at $28,000. Finally, Ameliora Wealth Management Ltd. bought a new stake in TJX Companies during the fourth quarter valued at $30,000. 92.26% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have recently commented on TJX. UBS Group raised their target price on TJX Companies from $80.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday. Barclays raised their target price on TJX Companies from $93.00 to $95.00 and gave the company an “overweight” rating in a research note on Thursday, May 18th. Morgan Stanley raised their target price on TJX Companies from $90.00 to $93.00 in a research note on Thursday, May 18th. Piper Sandler started coverage on shares of TJX Companies in a research report on Thursday, June 29th. They issued an “overweight” rating and a $110.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of TJX Companies from $85.00 to $86.00 in a research report on Thursday, May 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average price target of $89.65.
TJX Companies Stock Down 0.0 %
TJX Companies stock opened at $86.22 on Thursday. The TJX Companies, Inc. has a 1-year low of $59.78 and a 1-year high of $87.63. The firm has a market capitalization of $99.09 billion, a price-to-earnings ratio of 26.53, a P/E/G ratio of 2.30 and a beta of 0.92. The company has a current ratio of 1.20, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $83.32 and a 200 day simple moving average of $79.90.
TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings data on Wednesday, May 17th. The apparel and home fashions retailer reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.05. TJX Companies had a net margin of 7.56% and a return on equity of 62.78%. The business had revenue of $11.78 billion during the quarter, compared to analyst estimates of $11.82 billion. During the same period in the previous year, the business earned $0.68 EPS. TJX Companies’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 3.57 earnings per share for the current year.
TJX Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be paid a $0.3325 dividend. This represents a $1.33 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, August 9th. TJX Companies’s dividend payout ratio is presently 40.92%.
Insider Activity
In other news, EVP Scott Goldenberg sold 26,271 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $78.91, for a total transaction of $2,073,044.61. Following the completion of the transaction, the executive vice president now directly owns 72,580 shares of the company’s stock, valued at $5,727,287.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.
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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.
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