Brighton Jones LLC Trims Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Brighton Jones LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.0% in the 1st quarter, Holdings Channel reports. The firm owned 14,885 shares of the apparel and home fashions retailer’s stock after selling 154 shares during the period. Brighton Jones LLC’s holdings in TJX Companies were worth $1,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. James Hambro & Partners LLP lifted its holdings in TJX Companies by 0.3% in the first quarter. James Hambro & Partners LLP now owns 781,045 shares of the apparel and home fashions retailer’s stock worth $95,100,000 after buying an additional 2,501 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of TJX Companies by 7.5% in the 1st quarter. Exchange Traded Concepts LLC now owns 24,875 shares of the apparel and home fashions retailer’s stock valued at $3,030,000 after purchasing an additional 1,728 shares during the period. Pinion Investment Advisors LLC boosted its position in shares of TJX Companies by 11.4% during the first quarter. Pinion Investment Advisors LLC now owns 2,858 shares of the apparel and home fashions retailer’s stock valued at $348,000 after purchasing an additional 293 shares in the last quarter. BayBridge Capital Group LLC grew its stake in TJX Companies by 2.8% in the first quarter. BayBridge Capital Group LLC now owns 12,419 shares of the apparel and home fashions retailer’s stock worth $1,513,000 after purchasing an additional 342 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in TJX Companies by 14.6% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 329,472 shares of the apparel and home fashions retailer’s stock worth $40,130,000 after purchasing an additional 42,056 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wells Fargo & Company restated an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. TD Securities boosted their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Robert W. Baird lifted their target price on shares of TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, May 22nd. Finally, Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $123.75 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The firm has a market cap 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 business has a 50-day simple moving average of $127.91 and a two-hundred day simple moving average of $124.17. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating 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 firm had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

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.