Wendell David Associates Inc. Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Wendell David Associates Inc. trimmed its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 388,191 shares of the apparel and home fashions retailer’s stock after selling 9,390 shares during the quarter. TJX Companies comprises about 4.7% of Wendell David Associates Inc.’s holdings, making the stock its 5th biggest position. Wendell David Associates Inc.’s holdings in TJX Companies were worth $47,282,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shell Asset Management Co. raised its stake in TJX Companies by 16.5% during the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock worth $3,524,000 after buying an additional 4,128 shares during the period. Pathstone Holdings LLC increased its holdings in shares of TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock valued at $88,992,000 after acquiring an additional 67,853 shares in the last quarter. Ethic Inc. increased its holdings in shares of TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after acquiring an additional 29,158 shares in the last quarter. Fiduciary Trust Co raised its position in shares of TJX Companies by 5.2% during the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock worth $349,284,000 after purchasing an additional 144,113 shares during the period. Finally, Atlas Legacy Advisors LLC bought a new position in shares of TJX Companies in the 4th quarter worth $433,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

TJX stock opened at $124.27 on Tuesday. 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 cap of $138.83 billion, a PE ratio of 29.24, a P/E/G ratio of 2.75 and a beta of 0.90. The business has a 50 day moving average of $127.99 and a 200-day moving average of $124.16. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85.

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

TJX Companies Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on TJX shares. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. Barclays reissued an “overweight” rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Robert W. Baird raised their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. Finally, TD Securities lifted their price target on TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.53.

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 value of $121,685.50. Following the sale, the director now directly owns 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

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.