Brookstone Capital Management Sells 2,610 Shares of The TJX Companies, Inc. (NYSE:TJX)

Brookstone Capital Management decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 16.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 12,945 shares of the apparel and home fashions retailer’s stock after selling 2,610 shares during the quarter. Brookstone Capital Management’s holdings in TJX Companies were worth $1,313,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TJX. RMR Wealth Builders purchased a new position in TJX Companies during the 1st quarter valued at about $504,000. Sunbelt Securities Inc. increased its holdings in TJX Companies by 14.2% during the first quarter. Sunbelt Securities Inc. now owns 13,022 shares of the apparel and home fashions retailer’s stock valued at $1,321,000 after buying an additional 1,615 shares during the period. Sound Income Strategies LLC raised its stake in TJX Companies by 16.1% in the first quarter. Sound Income Strategies LLC now owns 2,133 shares of the apparel and home fashions retailer’s stock worth $216,000 after buying an additional 296 shares in the last quarter. West Paces Advisors Inc. lifted its holdings in TJX Companies by 19.4% during the first quarter. West Paces Advisors Inc. now owns 861 shares of the apparel and home fashions retailer’s stock worth $87,000 after buying an additional 140 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its position in TJX Companies by 12.4% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 29,230 shares of the apparel and home fashions retailer’s stock valued at $2,965,000 after acquiring an additional 3,218 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on TJX. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Barclays raised their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Evercore ISI set a $113.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. Finally, Telsey Advisory Group upped their price target on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $110.37.

TJX Companies Trading Down 0.4 %

NYSE TJX opened at $110.10 on Friday. The company has a fifty day moving average of $102.48 and a 200 day moving average of $98.21. The company has a market capitalization of $124.43 billion, a PE ratio of 27.32, a P/E/G ratio of 2.96 and a beta of 0.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The TJX Companies, Inc. has a 1 year low of $82.25 and a 1 year high of $111.79.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. Research analysts forecast that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is 37.22%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares in the company, valued at $58,354,191.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares in the company, valued at $58,354,191.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock worth $5,060,941 in the last three months. Company 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, and gourmet food departments; jewelry and accessories; and other merchandise.