The TJX Companies, Inc. (NYSE:TJX) is Alta Capital Management LLC's 9th Largest Position

Alta Capital Management LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 423,058 shares of the apparel and home fashions retailer's stock after selling 19,532 shares during the period. TJX Companies comprises 3.3% of Alta Capital Management LLC's holdings, making the stock its 9th biggest position. Alta Capital Management LLC's holdings in TJX Companies were worth $51,528,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in shares of TJX Companies by 1.7% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after buying an additional 84 shares during the last quarter. Nwam LLC raised its holdings in shares of TJX Companies by 2.0% in the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after buying an additional 84 shares during the last quarter. One Charles Private Wealth Services LLC raised its holdings in shares of TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after buying an additional 86 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of TJX Companies by 2.2% in the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after buying an additional 86 shares during the last quarter. Finally, Amplius Wealth Advisors LLC raised its holdings in shares of TJX Companies by 4.2% in the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.4%

TJX stock opened at $122.48 on Friday. The firm has a market cap of $136.82 billion, a PE ratio of 28.82, a P/E/G ratio of 2.90 and a beta of 0.90. 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's fifty day moving average is $127.76 and its 200 day moving average is $124.12. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly 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 company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $0.93 earnings per share. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's 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 transaction, the director now directly owns 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 transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. UBS Group reaffirmed a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

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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