Thrive Wealth Management LLC Lowers Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Thrive Wealth Management LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 20.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 8,376 shares of the apparel and home fashions retailer's stock after selling 2,118 shares during the period. Thrive Wealth Management LLC's holdings in TJX Companies were worth $1,020,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TJX. Bogart Wealth LLC acquired a new stake in TJX Companies during the 4th quarter worth about $25,000. SOA Wealth Advisors LLC. acquired a new stake in shares of TJX Companies in the 4th quarter valued at about $30,000. Millstone Evans Group LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at about $30,000. Promus Capital LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at about $32,000. Finally, Tacita Capital Inc acquired a new stake in shares of TJX Companies in the 4th quarter valued at about $38,000. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Morgan Stanley set a $140.00 target price on TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their target price on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $141.53.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director now directly owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $0.74 during mid-day trading on Thursday, hitting $127.34. 4,693,434 shares of the stock were exchanged, compared to its average volume of 5,245,105. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market capitalization of $142.25 billion, a P/E ratio of 29.96, a P/E/G ratio of 2.75 and a beta of 0.90. The company has a 50-day simple moving average of $127.41 and a 200 day simple moving average of $124.00. The TJX Companies, Inc. has a 12 month low of $106.18 and a 12 month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. This is a positive change from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is 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.