Boltwood Capital Management Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Boltwood Capital Management lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,901 shares of the apparel and home fashions retailer’s stock after selling 250 shares during the period. Boltwood Capital Management’s holdings in TJX Companies were worth $1,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bogart Wealth LLC bought a new position in shares of TJX Companies during the 4th quarter valued at about $25,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies in the 4th quarter worth approximately $30,000. Millstone Evans Group LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $30,000. Promus Capital LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $32,000. Finally, Tacita Capital Inc purchased a new stake in TJX Companies in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Robert W. Baird raised their target price on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Cowen reissued a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. TD Securities lifted 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. JPMorgan Chase & Co. lifted their target price on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday. Finally, UBS Group reissued a “buy” rating and issued a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $141.53.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was 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 in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock opened at $128.12 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock has a market capitalization of $143.12 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 1-year low of $105.53 and a 1-year high of $135.85. The business has a fifty day moving average price of $127.41 and a 200-day moving average price of $124.00.

TJX Companies (NYSE:TJX) 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, beating analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.33%. TJX Companies’s dividend payout ratio (DPR) is 40.00%.

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.