Alpine Woods Capital Investors LLC Lowers Position in The TJX Companies, Inc. (NYSE:TJX)

Alpine Woods Capital Investors LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 49.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 25,453 shares of the apparel and home fashions retailer's stock after selling 24,854 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in TJX Companies were worth $3,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in shares of TJX Companies in the 4th quarter worth about $30,000. Atlantic Edge Private Wealth Management LLC grew its holdings in TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 110 shares during the period. Inlight Wealth Management LLC bought a new position in shares of TJX Companies during the first quarter valued at approximately $37,000. Rialto Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $52,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX traded down $0.47 on Friday, reaching $123.69. The company's stock had a trading volume of 4,145,943 shares, compared to its average volume of 5,202,666. The stock's 50 day simple moving average is $126.82 and its two-hundred day simple moving average is $124.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The stock has a market capitalization of $138.17 billion, a P/E ratio of 29.10, a PEG ratio of 2.90 and a beta of 0.88. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. TJX Companies's payout ratio is currently 40.00%.

Analysts Set New Price Targets

TJX has been the subject of a number of recent research reports. Telsey Advisory Group reiterated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Daiwa Capital Markets began coverage on shares of TJX Companies in a research report on Tuesday. They set an "outperform" rating and a $133.00 price objective on the stock. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Cowen reissued a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $141.06.

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.