Capital Investment Services of America Inc. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 208,307 shares of the apparel and home fashions retailer's stock after selling 3,032 shares during the period. TJX Companies accounts for 2.6% of Capital Investment Services of America Inc.'s holdings, making the stock its 18th largest position. Capital Investment Services of America Inc.'s holdings in TJX Companies were worth $25,372,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Wealth Enhancement Advisory Services LLC lifted its holdings in TJX Companies by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 943,136 shares of the apparel and home fashions retailer's stock valued at $114,875,000 after buying an additional 17,857 shares during the period. Azzad Asset Management Inc. ADV acquired a new position in shares of TJX Companies during the first quarter valued at about $3,989,000. CVA Family Office LLC raised its holdings in shares of TJX Companies by 6.0% during the first quarter. CVA Family Office LLC now owns 3,272 shares of the apparel and home fashions retailer's stock valued at $399,000 after purchasing an additional 185 shares during the period. Elevation Point Wealth Partners LLC raised its holdings in shares of TJX Companies by 5.0% during the first quarter. Elevation Point Wealth Partners LLC now owns 20,082 shares of the apparel and home fashions retailer's stock valued at $2,446,000 after purchasing an additional 960 shares during the period. Finally, Salem Investment Counselors Inc. raised its holdings in shares of TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after purchasing an additional 86 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Robert W. Baird upped their target price on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $141.53.
View Our Latest Analysis on TJX Companies
Insider Activity at TJX Companies
In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company'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 value of $121,685.50. Following the completion of the transaction, the director now directly owns 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.
TJX Companies Trading Down 0.6%
TJX Companies stock traded down $0.71 during trading hours on Friday, reaching $123.75. The stock had a trading volume of 3,786,474 shares, compared to its average volume of 5,206,524. The company has a fifty day simple moving average of $127.91 and a 200-day simple moving average of $124.20. The stock has a market cap of $138.25 billion, a PE ratio of 29.12, a PEG 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 TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85.
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 earnings per share 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 firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.
TJX Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is 40.00%.
TJX Companies Profile
(
Free Report)
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.
Featured Stories
Before you consider TJX Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TJX Companies wasn't on the list.
While TJX Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
