The TJX Companies, Inc. (NYSE:TJX) Position Lessened by Alapocas Investment Partners Inc.

Key Points

• Alapocas Investment Partners Inc. reduced its holdings in The TJX Companies by 2.9%, now owning 86,553 shares worth approximately $10.54 million, making it the firm's 7th largest position.
• Several institutional investors, including Clear Creek Financial Management LLC and Salem Investment Counselors Inc., have increased their stakes in TJX Companies during the first quarter, indicating continued interest in the retailer.
• Analysts maintain a strong outlook on TJX Companies, with the stock receiving a consensus "Buy" rating and price targets ranging from $140 to $145 per share.

Alapocas Investment Partners Inc. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,553 shares of the apparel and home fashions retailer's stock after selling 2,595 shares during the quarter. TJX Companies comprises about 6.4% of Alapocas Investment Partners Inc.'s holdings, making the stock its 7th largest position. Alapocas Investment Partners Inc.'s holdings in TJX Companies were worth $10,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clear Creek Financial Management LLC grew its position in shares of TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after purchasing an additional 83 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after buying an additional 86 shares in the last quarter. Amplius Wealth Advisors LLC increased its stake in TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after acquiring an additional 93 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of TJX Companies by 0.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock worth $1,724,000 after acquiring an additional 96 shares in the last quarter. Finally, Horizon Wealth Management LLC boosted its position in shares of TJX Companies by 2.0% during the 1st quarter. Horizon Wealth Management LLC now owns 4,945 shares of the apparel and home fashions retailer's stock valued at $602,000 after acquiring an additional 99 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Morgan Stanley set a $140.00 price objective on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. TD Securities upped their target price 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. JPMorgan Chase & Co. lifted their price target on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $141.06.

TJX Companies Trading Up 2.6%

TJX opened at $132.10 on Thursday. 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 stock's fifty day moving average is $125.22 and its two-hundred day moving average is $124.64. The company has a market capitalization of $147.57 billion, a P/E ratio of 31.08, a PEG ratio of 3.00 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $107.71 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 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. Analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred on 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

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.

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