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

Edgestream Partners L.P. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 79.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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.

A number of other large investors also recently made changes to their positions in the business. Millstone Evans Group LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $30,000. Atlantic Edge Private Wealth Management LLC raised its stake in TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC grew its holdings in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in TJX Companies in the first quarter worth $37,000. Finally, Rialto Wealth Management LLC lifted its position in TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after acquiring an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the company's 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 transaction, the director owned 22,712 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Up 0.7%

Shares of TJX traded up $0.81 during trading hours on Tuesday, reaching $125.75. The stock had a trading volume of 4,283,293 shares, compared to its average volume of 5,184,831. The firm has a 50-day moving average of $126.19 and a 200 day moving average of $124.15. The company has a market cap of $140.48 billion, a P/E ratio of 29.59, a P/E/G ratio of 2.85 and a beta of 0.88. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. 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 posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter last year, the company posted $0.93 earnings per share. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts expect 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 paid 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 1.35%. TJX Companies's dividend payout ratio is 40.00%.

Analyst Ratings Changes

A number of research firms recently commented on TJX. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Barclays reiterated an "overweight" rating and issued a $147.00 price target (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Robert W. Baird lifted 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. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, TJX Companies currently has a consensus rating of "Buy" and a consensus target price 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.