RWA Wealth Partners LLC Cuts Stake in The TJX Companies, Inc. $TJX

Key Points

• RWA Wealth Partners LLC has reduced its stake in The TJX Companies, Inc. by 4.3%, now holding 245,288 shares valued at $29.9 million following the sale of 11,147 shares.
• Multiple institutional investors increased their positions in TJX during the fourth quarter, with Shell Asset Management Co. and Pathstone Holdings LLC raising their stakes by 16.5% and 10.1%, respectively.
• The TJX Companies announced a quarterly dividend of $0.425 per share, with an annualized yield of 1.3%, reflecting a payout ratio of 40.00%.

RWA Wealth Partners LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 245,288 shares of the apparel and home fashions retailer's stock after selling 11,147 shares during the period. RWA Wealth Partners LLC's holdings in TJX Companies were worth $29,876,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Shell Asset Management Co. grew its position in TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after acquiring an additional 4,128 shares in the last quarter. Pathstone Holdings LLC increased its stake in TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after purchasing an additional 67,853 shares during the last quarter. Ethic Inc. increased its stake in TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after purchasing an additional 29,158 shares during the last quarter. Fiduciary Trust Co increased its stake in TJX Companies by 5.2% during the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after purchasing an additional 144,113 shares during the last quarter. Finally, Pinnacle Financial Partners Inc boosted its holdings in shares of TJX Companies by 2.2% during the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after acquiring an additional 8,319 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction 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 directly owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Down 0.3%

Shares of TJX stock opened at $132.58 on Monday. The business's 50 day moving average is $125.91 and its two-hundred day moving average is $125.10. The company has a market cap of $148.11 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 3.09 and a beta of 0.89. 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 12 month low of $110.96 and a 12 month high of $135.85.

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

TJX Companies Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Wall Street Analysts Forecast Growth

TJX has been the subject of several analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $150.00 price target on shares of TJX Companies in a report on Wednesday, August 13th. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Barclays reissued an "overweight" rating and issued a $147.00 price target (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, twenty have given 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 $141.33.

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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