Concord Asset Management LLC VA Has $1.53 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Concord Asset Management LLC VA cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 16.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,222 shares of the apparel and home fashions retailer’s stock after selling 2,412 shares during the quarter. Concord Asset Management LLC VA’s holdings in TJX Companies were worth $1,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Millstone Evans Group LLC bought a new position in TJX Companies during the fourth quarter worth about $30,000. Atlantic Edge Private Wealth Management LLC lifted its stake in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC lifted its stake in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies during the first quarter worth approximately $37,000. Finally, Rialto Wealth Management LLC raised its stake in shares of TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock valued at $42,000 after acquiring an additional 179 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction dated 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 directly owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TJX. Cowen reiterated a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a report on Wednesday, May 21st. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. UBS Group reissued a “buy” rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Finally, Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an “overweight” rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $141.06.

TJX Companies Trading Down 0.1%

Shares of NYSE:TJX opened at $123.54 on Tuesday. The company’s 50-day moving average price is $126.71 and its two-hundred day moving average price is $124.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The stock has a market capitalization of $138.00 billion, a PE ratio of 29.07, a price-to-earnings-growth ratio of 2.89 and a beta of 0.88.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal 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 paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.38%. TJX Companies’s dividend payout ratio is presently 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.