The TJX Companies, Inc. (NYSE:TJX) is Birch Hill Investment Advisors LLC's 8th Largest Position

Birch Hill Investment Advisors LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 627,692 shares of the apparel and home fashions retailer's stock after selling 14,705 shares during the quarter. TJX Companies comprises 3.6% of Birch Hill Investment Advisors LLC's portfolio, making the stock its 8th largest position. Birch Hill Investment Advisors LLC owned approximately 0.06% of TJX Companies worth $76,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Insigneo Advisory Services LLC increased its position in shares of TJX Companies by 1.8% during the first quarter. Insigneo Advisory Services LLC now owns 11,341 shares of the apparel and home fashions retailer's stock valued at $1,381,000 after buying an additional 204 shares during the period. NBT Bank N A NY increased its position in shares of TJX Companies by 2.6% during the first quarter. NBT Bank N A NY now owns 68,858 shares of the apparel and home fashions retailer's stock valued at $8,387,000 after buying an additional 1,768 shares during the period. Berkshire Bank increased its position in shares of TJX Companies by 0.3% during the first quarter. Berkshire Bank now owns 41,584 shares of the apparel and home fashions retailer's stock valued at $5,065,000 after buying an additional 134 shares during the period. Chicago Capital LLC boosted its stake in TJX Companies by 1.6% during the first quarter. Chicago Capital LLC now owns 10,130 shares of the apparel and home fashions retailer's stock worth $1,234,000 after acquiring an additional 155 shares in the last quarter. Finally, WD Rutherford LLC boosted its stake in TJX Companies by 2.5% during the first quarter. WD Rutherford LLC now owns 24,257 shares of the apparel and home fashions retailer's stock worth $3,117,000 after acquiring an additional 602 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX Companies stock traded down $1.27 during midday trading on Tuesday, reaching $123.00. 4,260,458 shares of the company traded hands, compared to its average volume of 5,207,673. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The firm has a market capitalization of $137.40 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. 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 business has a 50 day moving average of $127.99 and a two-hundred day moving average of $124.16.

TJX Companies (NYSE:TJX - Get Free Report) 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the prior year, the company earned $0.93 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. 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 1.38%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Analyst Ratings Changes

Several research firms recently commented on TJX. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $141.53.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director now directly owns 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.