Beacon Investment Advisory Services Inc. Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Beacon Investment Advisory Services Inc. trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,874 shares of the apparel and home fashions retailer’s stock after selling 4,072 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in TJX Companies were worth $21,792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in shares of TJX Companies during the 4th quarter worth about $28,000. Daymark Wealth Partners LLC lifted its holdings in shares of TJX Companies by 142.4% during the 4th quarter. Daymark Wealth Partners LLC now owns 13,908 shares of the apparel and home fashions retailer’s stock worth $1,305,000 after acquiring an additional 8,171 shares during the period. Arthur M. Cohen & Associates LLC purchased a new position in shares of TJX Companies during the 4th quarter worth about $205,000. Sound Income Strategies LLC lifted its holdings in shares of TJX Companies by 10.9% during the 4th quarter. Sound Income Strategies LLC now owns 1,837 shares of the apparel and home fashions retailer’s stock worth $172,000 after acquiring an additional 181 shares during the period. Finally, Gateway Investment Advisers LLC raised 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 buying an additional 5,737 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies 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 sale, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is owned by insiders.

TJX Companies Stock Performance

TJX traded down $0.98 during trading hours on Thursday, hitting $112.99. 7,284,942 shares of the stock were exchanged, compared to its average volume of 5,471,716. The stock has a 50-day simple moving average of $107.13 and a 200-day simple moving average of $100.24. The TJX Companies, Inc. has a 12 month low of $84.83 and a 12 month high of $115.35. The stock has a market cap of $127.70 billion, a price-to-earnings ratio of 28.04, a price-to-earnings-growth ratio of 3.08 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61.

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, topping 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 period last year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s payout ratio is 37.22%.

Analyst Ratings Changes

Several research firms recently commented on TJX. Evercore ISI set a $113.00 price target on shares of TJX Companies in a report on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a report on Tuesday, May 21st. Robert W. Baird raised their price target on shares of TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Finally, Sanford C. Bernstein raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $112.67.

TJX Companies 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.