Strategic Blueprint LLC Has $562,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Strategic Blueprint LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 33.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,615 shares of the apparel and home fashions retailer's stock after selling 2,355 shares during the period. Strategic Blueprint LLC's holdings in TJX Companies were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $30,000. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies in the 1st quarter valued at approximately $37,000. Rialto Wealth Management LLC boosted its stake in shares of TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after purchasing an additional 179 shares in the last quarter. Proathlete Wealth Management LLC acquired a new stake in shares of TJX Companies in the 1st quarter valued at approximately $52,000. Finally, Coppell Advisory Solutions LLC boosted its position in TJX Companies by 31.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 435 shares of the apparel and home fashions retailer's stock worth $53,000 after buying an additional 105 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.5%

Shares of NYSE TJX opened at $125.98 on Monday. The TJX Companies, Inc. has a one year low of $107.71 and a one year 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. The firm's 50 day simple moving average is $127.16 and its two-hundred day simple moving average is $124.07. The stock has a market capitalization of $140.73 billion, a P/E ratio of 29.64, a PEG ratio of 2.94 and a beta of 0.88.

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

TJX Companies Announces Dividend

The business also recently declared 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. This represents a $1.70 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Analyst Upgrades and Downgrades

Several research firms recently commented on TJX. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Robert W. Baird boosted their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. UBS Group reissued a "buy" rating and issued a $164.00 price target (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $141.53.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

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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