Brookstone Capital Management Cuts Stake in The TJX Companies, Inc. (NYSE:TJX)

Brookstone Capital Management lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 16.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,945 shares of the apparel and home fashions retailer’s stock after selling 2,610 shares during the quarter. Brookstone Capital Management’s holdings in TJX Companies were worth $1,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in TJX Companies by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 96,206,766 shares of the apparel and home fashions retailer’s stock valued at $9,025,157,000 after acquiring an additional 1,071,078 shares during the period. Morgan Stanley increased its stake in shares of TJX Companies by 1.5% in the third quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock worth $2,200,045,000 after buying an additional 371,163 shares during the period. 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 valued at $1,333,913,000 after buying an additional 1,046,148 shares during the last quarter. Norges Bank purchased a new stake in TJX Companies during the 4th quarter valued at $1,193,438,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in TJX Companies by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,534,165 shares of the apparel and home fashions retailer’s stock worth $612,970,000 after acquiring an additional 115,304 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $110.10 on Friday. The business has a fifty day moving average price of $102.48 and a 200-day moving average price of $98.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The company has a market capitalization of $124.43 billion, a PE ratio of 27.32, a PEG ratio of 2.96 and a beta of 0.87. The TJX Companies, Inc. has a 1-year low of $82.25 and a 1-year high of $111.79.

TJX Companies (NYSE:TJX) last issued its earnings results 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. The business had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 earnings per share. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a yield of 1.36%. TJX Companies’s payout ratio is 37.22%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TJX. UBS Group increased their target price on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Telsey Advisory Group lifted their price objective on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. TD Cowen upped their target price on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 17th. Sanford C. Bernstein lifted 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. Finally, Barclays upped their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.37.

Insiders Place Their Bets

In other news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is owned by insiders.

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.