The TJX Companies, Inc. (NYSE:TJX) Stock Position Cut by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,729 shares of the apparel and home fashions retailer's stock after selling 3,235 shares during the quarter. TJX Companies comprises about 2.4% of Cabot Wealth Management Inc.'s holdings, making the stock its 9th biggest holding. Cabot Wealth Management Inc.'s holdings in TJX Companies were worth $19,090,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TJX. Millstone Evans Group LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Promus Capital LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $32,000. Tacita Capital Inc bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $38,000. Rialto Wealth Management LLC boosted its position in shares of TJX Companies by 105.9% in 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 acquiring an additional 179 shares during the period. Finally, Proathlete Wealth Management LLC bought a new position in shares of TJX Companies in the first quarter valued at approximately $52,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

Shares of TJX stock traded up $0.81 during trading hours on Friday, hitting $123.35. 6,729,044 shares of the company's stock were exchanged, compared to its average volume of 5,187,178. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The business's 50 day simple moving average is $127.66 and its 200-day simple moving average is $124.10. The company has a market capitalization of $137.80 billion, a PE ratio of 29.02, a PEG ratio of 2.92 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Analysts Set New Price Targets

TJX has been the topic of a number of recent analyst reports. Barclays reaffirmed an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. TD Securities raised their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction 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. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

About TJX Companies

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.