First Affirmative Financial Network Sells 861 Shares of The TJX Companies, Inc. (NYSE:TJX)

First Affirmative Financial Network lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 19.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,494 shares of the apparel and home fashions retailer’s stock after selling 861 shares during the period. First Affirmative Financial Network’s holdings in TJX Companies were worth $426,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Radnor Capital Management LLC lifted its holdings in shares of TJX Companies by 19.8% during the 1st quarter. Radnor Capital Management LLC now owns 5,500 shares of the apparel and home fashions retailer’s stock worth $670,000 after acquiring an additional 910 shares during the period. Horizon Wealth Management LLC lifted its holdings in shares of TJX Companies by 2.0% during the 1st quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer’s stock worth $602,000 after acquiring an additional 99 shares during the period. Arkfeld Wealth Strategies L.L.C. lifted its holdings in shares of TJX Companies by 1.9% during the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 77,569 shares of the apparel and home fashions retailer’s stock worth $9,778,000 after acquiring an additional 1,411 shares during the period. Procyon Advisors LLC lifted its stake in TJX Companies by 3.0% in the 1st quarter. Procyon Advisors LLC now owns 43,809 shares of the apparel and home fashions retailer’s stock valued at $5,227,000 after purchasing an additional 1,283 shares during the last quarter. Finally, Unique Wealth LLC lifted its stake in TJX Companies by 9.5% in the 1st quarter. Unique Wealth LLC now owns 2,177 shares of the apparel and home fashions retailer’s stock valued at $265,000 after purchasing an additional 188 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of several research reports. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. UBS Group reissued a “buy” rating and issued a $164.00 price objective (up previously from $154.00) 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. Finally, Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director now directly owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This 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 can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies Trading Up 0.9%

TJX opened at $128.55 on Friday. The TJX Companies, Inc. has a twelve month low of $106.18 and a twelve month high of $135.85. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $127.63 and a 200-day moving average of $124.11. The stock has a market cap of $143.60 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same period in the prior year, the company posted $0.93 earnings per share. TJX Companies’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 15th were paid a dividend of $0.425 per share. The ex-dividend date was Thursday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.32%. TJX Companies’s dividend payout ratio is currently 40.00%.

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.