The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 28.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 16,366 shares of the apparel and home fashions retailer’s stock after selling 6,473 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in TJX Companies were worth $1,802,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Street Advisors Inc. NC boosted its stake in shares of TJX Companies by 4.3% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 301,187 shares of the apparel and home fashions retailer’s stock worth $33,161,000 after acquiring an additional 12,295 shares in the last quarter. 1858 Wealth Management LLC purchased a new position in TJX Companies during the second quarter worth approximately $249,000. Everpar Advisors LLC increased its position in shares of TJX Companies by 18.9% in the second quarter. Everpar Advisors LLC now owns 8,914 shares of the apparel and home fashions retailer’s stock valued at $981,000 after buying an additional 1,418 shares in the last quarter. Sutton Place Investors LLC increased its holdings in TJX Companies by 0.7% in the 2nd quarter. Sutton Place Investors LLC now owns 18,138 shares of the apparel and home fashions retailer’s stock worth $1,997,000 after acquiring an additional 119 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC purchased a new stake in shares of TJX Companies during the second quarter worth about $262,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other news, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Kenneth Canestrari sold 20,332 shares of the business’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 sale, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock worth $5,060,941 in the last quarter. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX traded down $0.03 during trading hours on Friday, hitting $111.45. The company had a trading volume of 4,656,333 shares, compared to its average volume of 5,384,507. The business has a 50 day moving average of $111.15 and a 200-day moving average of $102.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $115.35. The company has a market cap of $125.96 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 2.90 and a beta of 0.88.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 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 return on equity of 64.26% and a net margin of 8.47%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.12 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies’s payout ratio is 37.22%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TJX. TD Cowen upped their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Sanford C. Bernstein boosted their price target on shares of TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Loop Capital raised their price target on shares of TJX Companies from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research report on Tuesday, May 21st. Finally, BMO Capital Markets raised their price objective on TJX Companies from $110.00 to $116.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.79.

TJX Companies 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.