Edgestream Partners L.P. Reduces Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Edgestream Partners L.P. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 79.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,343 shares of the apparel and home fashions retailer's stock after selling 9,076 shares during the quarter. Edgestream Partners L.P.'s holdings in TJX Companies were worth $285,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after purchasing an additional 8,002 shares during the period. Revolve Wealth Partners LLC grew its position in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after buying an additional 235 shares during the period. Proficio Capital Partners LLC raised its holdings in TJX Companies by 62.3% during the fourth quarter. Proficio Capital Partners LLC now owns 4,473 shares of the apparel and home fashions retailer's stock worth $540,000 after buying an additional 1,717 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in TJX Companies by 3.8% in the fourth quarter. TD Private Client Wealth LLC now owns 12,178 shares of the apparel and home fashions retailer's stock valued at $1,471,000 after acquiring an additional 442 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of TJX Companies in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $0.86 during trading on Wednesday, reaching $126.46. 2,242,302 shares of the company traded hands, compared to its average volume of 5,175,404. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $141.26 billion, a P/E ratio of 29.76, a PEG ratio of 2.92 and a beta of 0.88. The firm's fifty day simple moving average is $126.19 and its 200 day simple moving average is $124.15. 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company 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 annualized dividend and a dividend yield of 1.34%. TJX Companies's dividend payout ratio is presently 40.00%.

Insider Transactions 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 value of $121,685.50. Following the completion of the transaction, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TJX. Cowen restated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. JPMorgan Chase & Co. raised 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. Barclays reissued an "overweight" rating and issued a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Daiwa Capital Markets assumed coverage on TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective for the company. Finally, Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $141.06.

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.