Taylor Frigon Capital Management LLC Trims Holdings in The TJX Companies, Inc. (NYSE:TJX)

Taylor Frigon Capital Management LLC cut its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 34.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,776 shares of the apparel and home fashions retailer's stock after selling 5,043 shares during the quarter. Taylor Frigon Capital Management LLC's holdings in TJX Companies were worth $1,191,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Valley National Advisers Inc. grew its position in shares of TJX Companies by 7.8% in the 1st quarter. Valley National Advisers Inc. now owns 3,002 shares of the apparel and home fashions retailer's stock worth $364,000 after buying an additional 218 shares during the period. Ameritas Advisory Services LLC grew its position in TJX Companies by 15.5% during the 1st quarter. Ameritas Advisory Services LLC now owns 5,048 shares of the apparel and home fashions retailer's stock valued at $613,000 after purchasing an additional 678 shares during the last quarter. Amalgamated Bank grew its position in TJX Companies by 0.5% during the 1st quarter. Amalgamated Bank now owns 251,281 shares of the apparel and home fashions retailer's stock valued at $30,606,000 after purchasing an additional 1,228 shares during the last quarter. Citizens National Bank Trust Department grew its position in TJX Companies by 5.7% during the 1st quarter. Citizens National Bank Trust Department now owns 4,383 shares of the apparel and home fashions retailer's stock valued at $534,000 after purchasing an additional 237 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC grew its position in TJX Companies by 3.0% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 6,034 shares of the apparel and home fashions retailer's stock valued at $735,000 after purchasing an additional 173 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.9%

TJX stock opened at $123.27 on Monday. The firm has a fifty day moving average price of $127.21 and a 200 day moving average price of $123.98. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The firm has a market cap of $137.70 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 2.92 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the firm posted $0.93 earnings per share. TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders 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 1.38%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TJX. TD Securities increased their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Barclays reiterated an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Robert W. Baird increased their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, UBS Group reiterated a "buy" rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and a consensus price target of $141.53.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies 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 now directly owns 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

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.

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