Everett Harris & Co. CA Has $139.86 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Everett Harris & Co. CA has decreased its position in TJX Companies by 0.4%, making it the 10th largest holding in their portfolio with 1,148,293 shares valued at approximately $139.9 million.
• The company reported $0.92 earnings per share for the last quarter, exceeding analysts' expectations and representing a 5.1% increase in revenue year-over-year.
• TJX Companies announced a quarterly dividend of $0.425, reflecting a 1.3% yield and a dividend payout ratio of 40% as of the latest reporting period.

Everett Harris & Co. CA lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,148,293 shares of the apparel and home fashions retailer's stock after selling 5,004 shares during the quarter. TJX Companies makes up approximately 1.8% of Everett Harris & Co. CA's portfolio, making the stock its 10th biggest holding. Everett Harris & Co. CA owned 0.10% of TJX Companies worth $139,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TCTC Holdings LLC grew its position in shares of TJX Companies by 210.1% during 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 in the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in shares of TJX Companies by 58.8% during 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 in the last quarter. Iron Horse Wealth Management LLC grew its position in shares of TJX Companies by 99.3% during 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 in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies during the 1st quarter valued at $37,000. Finally, Rialto Wealth Management LLC grew its position in shares of TJX Companies by 105.9% during 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. Institutional investors own 91.09% of the company's stock.

Insider Transactions at TJX Companies

In related 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 directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents 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 at this link. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TJX. TD Securities boosted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. 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 target for the company. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $141.06.

TJX Companies Trading Down 0.3%

Shares of NYSE:TJX traded down $0.34 during midday trading on Friday, hitting $131.64. 4,629,642 shares of the stock traded hands, compared to its average volume of 4,777,224. The stock has a market capitalization of $147.06 billion, a PE ratio of 30.97, a P/E/G ratio of 3.07 and a beta of 0.89. The business's 50 day moving average is $125.41 and its two-hundred day moving average is $124.79. 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 one year low of $107.71 and a one year high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data 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 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 company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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 paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

TJX Companies Company 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.