KRS Capital Management LLC Trims Stock Position in The TJX Companies, Inc. (NYSE:TJX)

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

Other large investors have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC purchased a new position in TJX Companies during the fourth quarter worth about $27,000. Anchor Investment Management LLC purchased a new position in TJX Companies during the fourth quarter worth about $28,000. BKM Wealth Management LLC purchased a new position in TJX Companies during the fourth quarter worth about $30,000. Register Financial Advisors LLC purchased a new position in TJX Companies during the first quarter worth about $37,000. Finally, Sachetta LLC purchased a new position in shares of TJX Companies in the 4th quarter worth about $38,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX traded down $0.45 during mid-day trading on Friday, hitting $110.10. The stock had a trading volume of 12,781,419 shares, compared to its average volume of 6,462,926. The company has a market cap of $124.43 billion, a PE ratio of 27.32, a PEG ratio of 2.96 and a beta of 0.87. The company’s fifty day simple moving average is $102.48 and its two-hundred day simple moving average is $98.21. 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 TJX Companies, Inc. has a fifty-two week low of $82.25 and a fifty-two week high of $111.79.

TJX Companies (NYSE:TJX) last issued its 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 company had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. TJX Companies’s payout ratio is 37.22%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research reports. UBS Group raised their price objective on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Barclays raised their price objective on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Robert W. Baird raised their price objective on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. 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 report on Monday, June 3rd. Finally, Evercore ISI set a $113.00 price objective on TJX Companies in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $110.37.

Insider Transactions at TJX Companies

In related news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction that occurred on 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 owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction that occurred on 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 owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is currently owned by corporate insiders.

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.