Westfield Capital Management Co. LP Sells 3,082 Shares of The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Westfield Capital Management Co. LP reduced its stake in The TJX Companies by 4.5%, selling 3,082 shares to hold a total of 64,939 shares valued at $7.91 million.
• The TJX Companies reported a quarterly earnings of $0.92 per share, exceeding analyst expectations and achieving a revenue of $13.11 billion for the quarter.
• Several institutional investors have increased their holdings in TJX Companies, with Shell Asset Management Co. raising its stake by 16.5% following similar increases from other firms.

Westfield Capital Management Co. LP cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,939 shares of the apparel and home fashions retailer's stock after selling 3,082 shares during the quarter. Westfield Capital Management Co. LP's holdings in TJX Companies were worth $7,910,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Shell Asset Management Co. lifted its holdings in TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after buying an additional 4,128 shares during the period. Pathstone Holdings LLC raised its position in shares of TJX Companies by 10.1% in the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after acquiring an additional 67,853 shares in the last quarter. Ethic Inc. lifted its stake in shares of TJX Companies by 21.1% in the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after purchasing an additional 29,158 shares during the period. Fiduciary Trust Co lifted its stake in TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after buying an additional 144,113 shares during the period. Finally, Pinnacle Financial Partners Inc boosted its holdings in shares of TJX Companies by 2.2% during the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after buying an additional 8,319 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

TJX stock traded down $0.13 during mid-day trading on Thursday, hitting $131.97. 6,152,817 shares of the stock were exchanged, compared to its average volume of 4,722,042. 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 stock has a market capitalization of $147.42 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 3.08 and a beta of 0.89. The business has a fifty day moving average price of $125.32 and a 200 day moving average price of $124.71. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last released its 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 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 analyst estimates of $13.01 billion. During the same quarter last year, the firm earned $0.93 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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 issued a $0.425 dividend. 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 payout ratio is 40.00%.

Analyst Ratings Changes

TJX has been the subject of a number of research reports. Robert W. Baird raised their price target on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Daiwa America upgraded 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 TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Telsey Advisory Group restated an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of "Buy" and a consensus target price of $141.06.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated 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 owned 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

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.