KRS Capital Management LLC Sells 490 Shares of The TJX Companies, Inc. (NYSE:TJX)

KRS Capital Management LLC decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,008 shares of the apparel and home fashions retailer’s stock after selling 490 shares during the period. KRS Capital Management LLC’s holdings in TJX Companies were worth $711,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Running Oak Capital LLC raised its stake in TJX Companies by 10.9% in 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 purchasing an additional 11,036 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its position in shares of TJX Companies by 3.7% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after buying an additional 21,767 shares in the last quarter. Savoir Faire Capital Management L.P. acquired a new position in shares of TJX Companies in the 3rd quarter valued at approximately $3,197,000. Gateway Investment Advisers LLC raised its position in shares of TJX Companies by 42.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after buying an additional 5,737 shares in the last quarter. Finally, Options Solutions LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at approximately $726,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of several analyst reports. BMO Capital Markets boosted their target price on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. TD Cowen boosted their target price on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. 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 research report on Thursday, May 23rd. UBS Group upped their price objective on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, Sanford C. Bernstein upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.37.

TJX Companies Trading Down 0.4 %

Shares of NYSE:TJX traded down $0.45 during trading on Friday, reaching $110.10. The stock had a trading volume of 12,781,419 shares, compared to its average volume of 6,462,926. The firm’s fifty day moving average is $102.48 and its 200 day moving average is $98.21. 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 52 week low of $82.25 and a 52 week high of $111.79. The stock has a market cap of $124.43 billion, a price-to-earnings ratio of 27.32, a P/E/G ratio of 2.96 and a beta of 0.87.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same period in the prior year, the firm posted $0.76 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors 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 1.36%. TJX Companies’s payout ratio is presently 37.22%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the business’s 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 transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TJX Companies news, 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 transaction of $831,235.83. Following the transaction, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares in the company, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders have sold 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 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.