180 Wealth Advisors LLC Sells 24,290 Shares of The TJX Companies, Inc. (NYSE:TJX)

180 Wealth Advisors LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 81.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,697 shares of the apparel and home fashions retailer's stock after selling 24,290 shares during the period. 180 Wealth Advisors LLC's holdings in TJX Companies were worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Lecap Asset Management Ltd. purchased a new stake in shares of TJX Companies during the 4th quarter valued at $210,000. Sumitomo Mitsui Trust Holdings Inc. raised its stake in TJX Companies by 1.0% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,831,733 shares of the apparel and home fashions retailer's stock worth $265,645,000 after acquiring an additional 28,271 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in TJX Companies by 1,053.2% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,183 shares of the apparel and home fashions retailer's stock worth $950,000 after acquiring an additional 9,300 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in TJX Companies by 15.1% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,057 shares of the apparel and home fashions retailer's stock worth $381,000 after acquiring an additional 531 shares during the last quarter. Finally, Strs Ohio raised its stake in TJX Companies by 5.2% in the 4th quarter. Strs Ohio now owns 496,344 shares of the apparel and home fashions retailer's stock worth $46,562,000 after acquiring an additional 24,710 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Robert W. Baird raised their target price on TJX Companies from $110.00 to $113.00 and gave the stock an "outperform" rating in a research note on Thursday, May 23rd. Loop Capital raised their target price on TJX Companies from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, July 3rd. UBS Group raised their target price on TJX Companies from $132.00 to $134.00 and gave the stock a "buy" rating in a research note on Thursday, May 23rd. Barclays increased their price target on TJX Companies from $109.00 to $114.00 and gave the stock an "overweight" rating in a research report on Thursday, May 23rd. Finally, The Goldman Sachs Group raised TJX Companies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $113.39.

TJX Companies Price Performance

Shares of NYSE:TJX traded up $2.77 during trading on Thursday, reaching $111.48. 5,332,939 shares of the company's stock traded hands, compared to its average volume of 5,387,526. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $115.35. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The firm has a market cap of $125.99 billion, a PE ratio of 27.66, a P/E/G ratio of 2.95 and a beta of 0.88. The company has a 50-day simple moving average of $111.07 and a 200-day simple moving average of $102.62.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts' consensus estimates 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 firm earned $0.76 EPS. The company's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts predict that The TJX Companies, Inc. will post 4.11 earnings per share for the current year.

TJX Companies Announces Dividend

The company 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. This represents a $1.50 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies's payout ratio is 37.22%.

Insider Buying and Selling

In related news, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction dated Thursday, May 23rd. The stock was 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 directly owns 110,893 shares in the company, valued at approximately $11,089,300. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company's stock, valued at approximately $58,354,191.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of TJX Companies stock in a transaction that occurred on 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 directly owns 110,893 shares in the company, valued at approximately $11,089,300. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,003 shares of company stock worth $5,060,941. 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.