Tritonpoint Wealth LLC Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Tritonpoint Wealth LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.3% during the first quarter, HoldingsChannel.com reports. The fund owned 86,658 shares of the apparel and home fashions retailer’s stock after selling 1,185 shares during the quarter. TJX Companies makes up about 1.0% of Tritonpoint Wealth LLC’s portfolio, making the stock its 23rd biggest holding. Tritonpoint Wealth LLC’s holdings in TJX Companies were worth $10,555,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TJX. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in TJX Companies by 1.7% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock worth $603,000 after buying an additional 84 shares during the period. Nwam LLC increased its stake in TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after buying an additional 84 shares during the period. One Charles Private Wealth Services LLC increased its stake in TJX Companies by 5.0% during the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock worth $218,000 after buying an additional 86 shares during the period. Salem Investment Counselors Inc. increased its stake in TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer’s stock worth $485,000 after buying an additional 86 shares during the period. Finally, Amplius Wealth Advisors LLC increased its stake in TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer’s stock worth $283,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the firm’s 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 now owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.6%

Shares of NYSE:TJX opened at $123.75 on Friday. The stock has a market capitalization of $138.25 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a 50 day moving average price of $127.91 and a 200 day moving average price of $124.20.

TJX Companies (NYSE:TJX) last issued its earnings results 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 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 8.63% 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 last year, the firm posted $0.93 earnings per share. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed 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. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio is 40.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. 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. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Barclays reaffirmed an “overweight” rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Finally, Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.53.

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.