Castleview Partners LLC Sells 3,688 Shares of The TJX Companies, Inc. (NYSE:TJX)

Castleview Partners LLC trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 65.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,949 shares of the apparel and home fashions retailer's stock after selling 3,688 shares during the quarter. Castleview Partners LLC's holdings in TJX Companies were worth $237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Millstone Evans Group LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at about $30,000. Promus Capital LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at about $32,000. Tacita Capital Inc bought a new stake in shares of TJX Companies in the fourth quarter valued at about $38,000. Rialto Wealth Management LLC boosted its position in shares of TJX Companies by 105.9% in 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 acquiring an additional 179 shares during the period. Finally, Proathlete Wealth Management LLC bought a new stake in shares of TJX Companies in the first quarter valued at about $52,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Up 0.7%

NYSE TJX traded up $0.81 during trading hours on Friday, reaching $123.35. The company's stock had a trading volume of 6,729,044 shares, compared to its average volume of 5,187,178. The firm has a fifty day simple moving average of $127.66 and a 200-day simple moving average of $124.10. The stock has a market cap of $137.80 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.92 and a beta of 0.90. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Insider Activity at TJX Companies

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 completion of the transaction, the director now owns 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TJX shares. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. UBS Group reaffirmed a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Finally, Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

About TJX Companies

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.