Impact Capital Partners LLC Sells 101 Shares of The TJX Companies, Inc. (NYSE:TJX)

Impact Capital Partners LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,332 shares of the apparel and home fashions retailer’s stock after selling 101 shares during the quarter. Impact Capital Partners LLC’s holdings in TJX Companies were worth $1,380,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Shell Asset Management Co. increased its stake in shares of TJX Companies by 16.5% in the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock valued at $3,524,000 after acquiring an additional 4,128 shares in the last quarter. Pathstone Holdings LLC increased its stake in shares of TJX Companies by 10.1% in the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock valued at $88,992,000 after acquiring an additional 67,853 shares in the last quarter. Ethic Inc. increased its stake in shares of TJX Companies by 21.1% in the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after acquiring an additional 29,158 shares in the last quarter. Fiduciary Trust Co increased its stake in shares of TJX Companies by 5.2% in the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after acquiring an additional 144,113 shares in the last quarter. Finally, Congress Asset Management Co. increased its stake in shares of TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after acquiring an additional 13,036 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX opened at $128.55 on Friday. 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 company has a market capitalization of $143.60 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 2.75 and a beta of 0.90. The firm’s fifty day moving average price is $127.63 and its two-hundred day moving average price is $124.11. The TJX Companies, Inc. has a 1 year low of $106.18 and a 1 year high of $135.85.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 EPS. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, May 15th. TJX Companies’s payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TJX shares. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 22nd. Barclays restated an “overweight” rating and set a $147.00 price target (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Cowen restated a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. One equities 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.53.

Insider Buying and Selling

In related 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.