The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,614 shares of the apparel and home fashions retailer’s stock after selling 1,466 shares during the quarter. TJX Companies accounts for 2.1% of Beech Hill Advisors Inc.’s investment portfolio, making the stock its 10th biggest holding. Beech Hill Advisors Inc.’s holdings in TJX Companies were worth $5,190,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TJX. Millstone Evans Group LLC purchased a new position in TJX Companies during the fourth quarter valued at approximately $30,000. Promus Capital LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at $32,000. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies during the 1st quarter valued at $37,000. Tacita Capital Inc acquired a new position in shares of TJX Companies in the fourth quarter worth $38,000. Finally, Rialto Wealth Management LLC raised its holdings in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after acquiring an additional 179 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX opened at $122.59 on Thursday. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $127.40 and its two-hundred day moving average price is $124.07. The firm has a market capitalization of $136.95 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 2.95 and a beta of 0.90. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. On average, equities analysts forecast 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. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s dividend payout ratio is presently 40.00%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, May 22nd. Loop Capital set a $150.00 price target on TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 22nd. UBS Group reaffirmed a “buy” rating and set a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Cowen restated a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $141.53.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now directly owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

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.