Zevin Asset Management LLC Cuts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Zevin Asset Management LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,685 shares of the apparel and home fashions retailer's stock after selling 7,179 shares during the quarter. TJX Companies makes up about 3.7% of Zevin Asset Management LLC's investment portfolio, making the stock its 7th largest holding. Zevin Asset Management LLC's holdings in TJX Companies were worth $23,591,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Millstone Evans Group LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $30,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC boosted its stake in shares of TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares during the period. Inlight Wealth Management LLC bought a new stake in TJX Companies during the first quarter worth approximately $37,000. Finally, Rialto Wealth Management LLC grew its stake in 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 worth $42,000 after purchasing an additional 179 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the 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 sale, the director owned 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 filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.0%

Shares of TJX traded down $0.03 on Tuesday, hitting $124.92. 1,230,187 shares of the stock traded hands, compared to its average volume of 5,172,925. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The business has a 50 day simple moving average of $126.19 and a 200 day simple moving average of $124.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The company has a market capitalization of $139.54 billion, a PE ratio of 29.39, a P/E/G ratio of 2.85 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The business's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.36%. TJX Companies's payout ratio is 40.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TJX shares. TD Securities boosted their target price on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Cowen reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an "overweight" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target 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. Finally, Telsey Advisory Group restated an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a report on Wednesday, May 21st. One research 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.com, the company has an average rating of "Buy" and a consensus target price of $141.06.

TJX Companies Company 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.

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