Westwood Holdings Group Inc. Lowers Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Key Points

• Westwood Holdings Group Inc. has reduced its stake in The TJX Companies, Inc. by 3.0%, owning 200,220 shares valued at approximately $24.39 million after selling 6,229 shares.
• The TJX Companies reported a quarterly EPS of $0.92, exceeding the consensus estimate, with revenue reaching $13.11 billion, representing a 5.1% increase year-over-year.
• The company recently announced a quarterly dividend of $0.425, reflecting an annualized dividend of $1.70 and a yield of 1.3%.

Westwood Holdings Group Inc. cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 200,220 shares of the apparel and home fashions retailer's stock after selling 6,229 shares during the period. Westwood Holdings Group Inc.'s holdings in TJX Companies were worth $24,387,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Trek Financial LLC lifted its holdings in shares of TJX Companies by 6.9% during the 4th quarter. Trek Financial LLC now owns 3,151 shares of the apparel and home fashions retailer's stock valued at $381,000 after acquiring an additional 204 shares in the last quarter. Shelton Capital Management lifted its holdings in shares of TJX Companies by 57.2% during the 4th quarter. Shelton Capital Management now owns 137,899 shares of the apparel and home fashions retailer's stock valued at $16,660,000 after acquiring an additional 50,182 shares in the last quarter. Finally, FIL Ltd lifted its holdings in shares of TJX Companies by 12.6% during the 4th quarter. FIL Ltd now owns 147,680 shares of the apparel and home fashions retailer's stock valued at $17,841,000 after acquiring an additional 16,492 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

NYSE TJX opened at $128.90 on Wednesday. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. 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 stock has a market cap of $143.99 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 3.01 and a beta of 0.89. The company has a 50-day moving average price of $125.10 and a two-hundred day moving average price of $124.59.

TJX Companies (NYSE:TJX - Get Free Report) last posted 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. The firm had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. Analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Analysts Set New Price Targets

Several research firms recently weighed in on TJX. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Barclays reiterated an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Finally, Robert W. Baird upped their target price on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. One 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 MarketBeat, TJX Companies has an average rating of "Buy" and a consensus target price of $141.06.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by company 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.

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