The TJX Companies, Inc. (NYSE:TJX) Holdings Trimmed by WestEnd Advisors LLC

WestEnd Advisors LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 361,360 shares of the apparel and home fashions retailer's stock after selling 19,580 shares during the quarter. TJX Companies comprises about 1.2% of WestEnd Advisors LLC's holdings, making the stock its 22nd largest position. WestEnd Advisors LLC's holdings in TJX Companies were worth $44,014,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in TJX Companies in the 4th quarter valued at about $30,000. Promus Capital LLC purchased a new stake in TJX Companies in the 4th quarter valued at about $32,000. Inlight Wealth Management LLC purchased a new stake in TJX Companies in the 1st quarter valued at about $37,000. Tacita Capital Inc purchased a new stake in TJX Companies in the 4th quarter valued at about $38,000. Finally, Rialto Wealth Management LLC grew its holdings 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 worth $42,000 after purchasing an additional 179 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction 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 transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research reports. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. UBS Group restated a "buy" rating and issued a $164.00 price target (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and an average target price of $141.53.

TJX Companies Stock Performance

Shares of TJX stock traded up $1.13 on Friday, hitting $123.27. 9,776,498 shares of the stock traded hands, compared to its average volume of 5,189,737. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The company's fifty day moving average is $127.21 and its 200 day moving average is $124.00. The company has a market capitalization of $137.70 billion, a PE ratio of 29.00, 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 earnings per share for the quarter, topping 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 firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the company 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 predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 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.