Financial Management Professionals Inc. Lowers Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Financial Management Professionals Inc. lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 7.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,420 shares of the apparel and home fashions retailer’s stock after selling 112 shares during the period. Financial Management Professionals Inc.’s holdings in TJX Companies were worth $144,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Running Oak Capital LLC boosted its holdings in TJX Companies by 10.9% in the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after acquiring an additional 11,036 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in TJX Companies by 3.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after acquiring an additional 21,767 shares during the last quarter. Savoir Faire Capital Management L.P. acquired a new position in TJX Companies in the third quarter valued at $3,197,000. Gateway Investment Advisers LLC boosted its holdings in TJX Companies by 42.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after acquiring an additional 5,737 shares during the last quarter. Finally, Options Solutions LLC acquired a new position in TJX Companies in the fourth quarter valued at $726,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.4 %

Shares of NYSE TJX opened at $110.10 on Friday. The stock’s 50 day moving average price is $102.48 and its two-hundred day moving average price is $98.25. The TJX Companies, Inc. has a 52-week low of $82.25 and a 52-week high of $111.79. The stock has a market capitalization of $124.43 billion, a P/E ratio of 27.32, a PEG ratio of 2.94 and a beta of 0.87. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. TJX Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was 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 directly owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on TJX shares. TD Cowen lifted their target price on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 17th. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research report on Tuesday, May 21st. Evercore ISI set a $113.00 target price on TJX Companies in a research report on Tuesday, May 21st. Robert W. Baird upped their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Sanford C. Bernstein upped their target price on TJX Companies from $115.00 to $120.00 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 sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $110.39.

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.