Tidal Investments LLC Sells 11,975 Shares of The TJX Companies, Inc. (NYSE:TJX)

Tidal Investments LLC reduced its position in The TJX Companies, Inc. (NYSE:TJX) by 15.7% during the first quarter, HoldingsChannel reports. The fund owned 64,485 shares of the apparel and home fashions retailer’s stock after selling 11,975 shares during the quarter. Tidal Investments LLC’s holdings in TJX Companies were worth $6,540,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC increased its position in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares during the last quarter. First Pacific Financial bought a new position in shares of TJX Companies in the first quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new position in shares of TJX Companies in the fourth quarter worth approximately $27,000. OFI Invest Asset Management purchased a new stake in TJX Companies in the first quarter worth approximately $30,000. Finally, AlphaMark Advisors LLC boosted its stake in TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on TJX. TD Cowen upped their target price on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Evercore ISI set a $113.00 target price on TJX Companies in a research note on Tuesday, May 21st. UBS Group increased their price objective on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, Robert W. Baird increased their price objective on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.67.

TJX Companies Stock Performance

NYSE:TJX traded down $0.14 during mid-day trading on Thursday, reaching $112.88. The company’s stock had a trading volume of 716,061 shares, compared to its average volume of 5,358,292. The firm’s fifty day moving average price is $109.54 and its two-hundred day moving average price is $101.49. The stock has a market cap of $127.57 billion, a P/E ratio of 28.01, a PEG ratio of 3.03 and a beta of 0.88. The TJX Companies, Inc. has a 12-month low of $85.27 and a 12-month high of $115.35. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared 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 is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.33%. TJX Companies’s dividend payout ratio is presently 37.22%.

Insider Buying and Selling

In related news, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction that occurred on 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 directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,003 shares of company stock valued at $5,060,941. Corporate insiders own 0.13% of the company’s stock.

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.