The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Boltwood Capital Management

Boltwood Capital Management cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.9% during the first quarter, HoldingsChannel reports. The fund owned 12,901 shares of the apparel and home fashions retailer’s stock after selling 250 shares during the period. Boltwood Capital Management’s holdings in TJX Companies were worth $1,571,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TJX. Vanguard Group Inc. raised its position in TJX Companies by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 99,314,635 shares of the apparel and home fashions retailer’s stock valued at $11,998,201,000 after purchasing an additional 578,948 shares in the last quarter. Geode Capital Management LLC raised its position in shares of TJX Companies by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 24,322,579 shares of the apparel and home fashions retailer’s stock worth $2,930,965,000 after acquiring an additional 464,995 shares in the last quarter. Capital International Investors raised its position in shares of TJX Companies by 4.5% during the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer’s stock worth $1,769,600,000 after acquiring an additional 626,739 shares in the last quarter. Northern Trust Corp raised its position in shares of TJX Companies by 15.2% during the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after acquiring an additional 1,845,225 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of TJX Companies during the 4th quarter worth about $1,670,565,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TJX has been the topic of several research analyst reports. TD Securities raised their target price on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Cowen reissued a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. Finally, Barclays reaffirmed an “overweight” rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

TJX Companies Price Performance

TJX Companies stock opened at $128.12 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1-year low of $105.53 and a 1-year high of $135.85. The company has a market cap of $143.12 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The stock’s 50 day moving average price is $127.41 and its 200 day moving average price is $124.00.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies’s payout ratio is presently 40.00%.

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.