Boston Trust Walden Corp Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Boston Trust Walden Corp lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,284 shares of the apparel and home fashions retailer's stock after selling 2,100 shares during the quarter. Boston Trust Walden Corp's holdings in TJX Companies were worth $11,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth approximately $30,000. Promus Capital LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth approximately $32,000. Tacita Capital Inc acquired a new stake in shares of TJX Companies during the fourth quarter worth approximately $38,000. Rialto Wealth Management LLC grew its position 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 worth $42,000 after buying an additional 179 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its position in shares of TJX Companies by 31.8% during the fourth quarter. Coppell Advisory Solutions LLC now owns 435 shares of the apparel and home fashions retailer's stock worth $53,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of TJX opened at $122.48 on Friday. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The company has a market cap of $136.82 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 2.90 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The firm has a fifty day moving average of $127.76 and a 200-day moving average of $124.12.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate 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. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on TJX shares. UBS Group reissued a "buy" rating and set a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

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.

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