Hennion & Walsh Asset Management Inc. Sells 2,079 Shares of The TJX Companies, Inc. (NYSE:TJX)

Hennion & Walsh Asset Management Inc. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,302 shares of the apparel and home fashions retailer’s stock after selling 2,079 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in TJX Companies were worth $5,318,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TJX. Vanguard Group Inc. raised its holdings in TJX Companies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after purchasing an additional 1,269,792 shares during the last quarter. Royal Bank of Canada raised its holdings in TJX Companies by 7.9% during the 4th quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after purchasing an additional 1,046,148 shares during the last quarter. Janus Henderson Group PLC raised its holdings in TJX Companies by 2.7% during the 1st quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after purchasing an additional 346,938 shares during the last quarter. Norges Bank bought a new position in TJX Companies during the 4th quarter worth approximately $1,193,438,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. UBS Group raised their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Telsey Advisory Group raised their price objective on shares of TJX Companies from $115.00 to $128.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Finally, Barclays raised their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.71.

TJX Companies Stock Up 0.6 %

TJX stock traded up $0.64 during midday trading on Monday, hitting $112.09. The stock had a trading volume of 4,176,595 shares, compared to its average volume of 5,376,910. The firm has a market cap of $126.68 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 2.90 and a beta of 0.88. The business has a 50-day moving average of $111.15 and a two-hundred day moving average of $102.82. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $115.35. 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 issued its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share 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 company had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.12 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.34%. TJX Companies’s dividend payout ratio is currently 37.22%.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 1,500 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now directly owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now owns 23,470 shares of the company’s stock, valued at approximately $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 valued at $5,060,941. Insiders own 0.13% of the company’s stock.

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.