Texas Capital Bank Wealth Management Services Inc Trims Stock Position in The TJX Companies, Inc. $TJX

Key Points

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Texas Capital Bank Wealth Management Services Inc decreased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 13.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,678 shares of the apparel and home fashions retailer's stock after selling 10,790 shares during the quarter. TJX Companies comprises 0.9% of Texas Capital Bank Wealth Management Services Inc's investment portfolio, making the stock its 26th largest holding. Texas Capital Bank Wealth Management Services Inc's holdings in TJX Companies were worth $8,487,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TCTC Holdings LLC raised its position in TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in TJX Companies by 58.8% in 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 last quarter. Iron Horse Wealth Management LLC raised its position in TJX Companies by 99.3% in 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 purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in TJX Companies in the 1st quarter valued at $37,000. Finally, Rialto Wealth Management LLC raised its position in 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 during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group reiterated a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. Finally, Daiwa Capital Markets began coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective for the company. One research analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and an average price target of $141.33.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated 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 in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

Shares of TJX opened at $133.09 on Tuesday. The company has a 50-day simple moving average of $126.05 and a 200-day simple moving average of $125.16. 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 company has a market capitalization of $148.67 billion, a PE ratio of 31.32, a P/E/G ratio of 3.09 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $111.22 and a 52-week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share 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. Stockholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

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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