Holderness Investments Co. Cuts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Holderness Investments Co. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 2.3% in the first quarter, Holdings Channel reports. The institutional investor owned 20,423 shares of the apparel and home fashions retailer’s stock after selling 480 shares during the period. Holderness Investments Co.’s holdings in TJX Companies were worth $2,488,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Brighton Jones LLC increased its holdings in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after buying an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after buying an additional 235 shares in the last quarter. Belpointe Asset Management LLC increased its holdings in TJX Companies by 34.3% in the fourth quarter. Belpointe Asset Management LLC now owns 8,280 shares of the apparel and home fashions retailer’s stock valued at $971,000 after buying an additional 2,114 shares in the last quarter. Ontario Teachers Pension Plan Board increased its holdings in TJX Companies by 45.8% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 6,900 shares of the apparel and home fashions retailer’s stock valued at $834,000 after buying an additional 2,169 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in TJX Companies by 10.8% in the fourth quarter. Main Street Financial Solutions LLC now owns 18,306 shares of the apparel and home fashions retailer’s stock valued at $2,212,000 after buying an additional 1,778 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.5%

Shares of NYSE TJX opened at $134.07 on Thursday. 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 $149.77 billion, a PE ratio of 31.55, a P/E/G ratio of 3.11 and a beta of 0.89. The company has a 50-day moving average of $125.72 and a 200 day moving average of $124.99. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. TJX Companies’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS 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. 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 is Thursday, August 14th. TJX Companies’s payout ratio is presently 40.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TJX. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 21st. Telsey Advisory Group reissued an “outperform” rating and set a $150.00 target price on shares of TJX Companies in a research note on Wednesday. Daiwa Capital Markets began coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an “outperform” rating and a $133.00 target price for the company. Finally, Macquarie reissued a “buy” rating on shares of TJX Companies in a research note on Monday. One research analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $141.33.

Insiders Place Their Bets

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 shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is owned by 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.