Chesley Taft & Associates LLC Sells 565 Shares of The TJX Companies, Inc. (NYSE:TJX)

Chesley Taft & Associates LLC lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,753 shares of the apparel and home fashions retailer’s stock after selling 565 shares during the quarter. Chesley Taft & Associates LLC’s holdings in TJX Companies were worth $5,086,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Arthur M. Cohen & Associates LLC grew its holdings in shares of TJX Companies by 17.0% in the first quarter. Arthur M. Cohen & Associates LLC now owns 2,574 shares of the apparel and home fashions retailer’s stock worth $314,000 after acquiring an additional 374 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of TJX Companies by 19.7% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,575 shares of the apparel and home fashions retailer’s stock valued at $1,044,000 after acquiring an additional 1,413 shares during the period. Lake Street Private Wealth LLC raised its stake in TJX Companies by 8.2% during the 1st quarter. Lake Street Private Wealth LLC now owns 3,592 shares of the apparel and home fashions retailer’s stock worth $438,000 after acquiring an additional 272 shares during the period. Cypress Wealth Services LLC lifted its holdings in TJX Companies by 3.8% during the first quarter. Cypress Wealth Services LLC now owns 4,270 shares of the apparel and home fashions retailer’s stock valued at $520,000 after purchasing an additional 155 shares in the last quarter. Finally, L. Roy Papp & Associates LLP boosted its position in shares of TJX Companies by 10.7% in the first quarter. L. Roy Papp & Associates LLP now owns 2,331 shares of the apparel and home fashions retailer’s stock worth $284,000 after purchasing an additional 226 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

TJX opened at $128.12 on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average is $127.41 and its two-hundred day moving average is $124.00. The company has a market capitalization of $143.12 billion, a P/E ratio of 30.15, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a 52 week low of $105.53 and a 52 week high of $135.85.

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, topping analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. Analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s dividend payout ratio is currently 40.00%.

Analyst Ratings Changes

TJX has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Monday. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Cowen reiterated a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, Robert W. Baird boosted their price target on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $141.53.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction 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 transaction, the director now directly owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

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.