Bokf Na Sells 2,462 Shares of The TJX Companies, Inc. (NYSE:TJX)

Bokf Na reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 68,850 shares of the apparel and home fashions retailer’s stock after selling 2,462 shares during the period. Bokf Na’s holdings in TJX Companies were worth $6,864,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Running Oak Capital LLC boosted its holdings in shares of TJX Companies by 10.9% during the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after buying an additional 11,036 shares during the period. New Mexico Educational Retirement Board boosted its holdings in shares of TJX Companies by 15.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after buying an additional 9,500 shares during the period. Options Solutions LLC bought a new stake in shares of TJX Companies during the 4th quarter worth about $726,000. Advisors Capital Management LLC boosted its holdings in shares of TJX Companies by 3.7% during the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after buying an additional 20,629 shares during the period. Finally, Ethos Financial Group LLC bought a new stake in shares of TJX Companies during the 4th quarter worth about $269,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 110,893 shares in the company, valued at approximately $11,089,300. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction on Thursday, May 23rd. The stock was 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 $11,089,300. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is currently owned by company insiders.

TJX Companies Price Performance

TJX stock traded up $0.56 during trading on Friday, reaching $111.83. 4,958,740 shares of the company were exchanged, compared to its average volume of 4,676,538. The company has a 50-day moving average of $108.70 and a two-hundred day moving average of $101.11. The company has a market capitalization of $126.38 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 2.99 and a beta of 0.88. The TJX Companies, Inc. has a twelve month low of $85.27 and a twelve month 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 released 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 analysts’ consensus estimates 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 firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TJX. BMO Capital Markets lifted their target price 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. Sanford C. Bernstein boosted their price objective 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. Loop Capital boosted their price objective on shares of TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a report on Tuesday, May 21st. Finally, TD Cowen boosted their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $112.67.

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.