The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 498,150 shares of the apparel and home fashions retailer's stock after selling 63,859 shares during the quarter. TJX Companies makes up about 1.2% of Crestwood Advisors Group LLC's investment portfolio, making the stock its 27th largest holding. Crestwood Advisors Group LLC's holdings in TJX Companies were worth $60,675,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at about $30,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of TJX Companies by 58.8% during the first 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 raised its stake in shares of TJX Companies by 99.3% during the first 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 bought a new stake in shares of TJX Companies during the first quarter valued at about $37,000. Finally, Rialto Wealth Management LLC raised its stake in shares of TJX Companies by 105.9% during the first 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. 91.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Barclays reissued an "overweight" rating and issued a $147.00 price target (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of "Buy" and an average price target of $141.06.

TJX Companies Trading Up 0.7%

Shares of NYSE TJX opened at $122.97 on Monday. The stock has a market cap of $137.36 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 2.85 and a beta of 0.88. The business has a 50 day simple moving average of $126.19 and a 200 day simple moving average of $124.15. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 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.

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. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.38%. 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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