Tobam Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Tobam trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 65.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,119 shares of the apparel and home fashions retailer’s stock after selling 2,116 shares during the period. Tobam’s holdings in TJX Companies were worth $136,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $25,000. Millstone Evans Group LLC purchased a new position in TJX Companies in the 4th quarter worth $30,000. Promus Capital LLC bought a new stake in TJX Companies in the fourth quarter worth $32,000. Tacita Capital Inc bought a new stake in TJX Companies in the fourth quarter worth $38,000. Finally, Rialto Wealth Management LLC boosted its position in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock valued at $42,000 after buying an additional 179 shares during the period. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of several analyst reports. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 21st. Robert W. Baird increased their price objective on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. TD Securities raised their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. Finally, Cowen reiterated a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.53.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director now directly owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.6%

NYSE TJX opened at $123.75 on Friday. The stock’s 50 day moving average is $127.91 and its 200 day moving average is $124.20. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $138.25 billion, a PE ratio of 29.12, a P/E/G ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85.

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

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

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.