Beta Wealth Group Inc. Has $694,000 Stake in The TJX Companies, Inc. (NYSE:TJX)

Beta Wealth Group Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 5,701 shares of the apparel and home fashions retailer’s stock after selling 99 shares during the period. Beta Wealth Group Inc.’s holdings in TJX Companies were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Shell Asset Management Co. boosted its stake in shares of TJX Companies by 16.5% in the fourth 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 buying an additional 4,128 shares during the period. Pathstone Holdings LLC boosted its stake in shares of TJX Companies by 10.1% in the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock valued at $88,992,000 after buying an additional 67,853 shares during the period. Ethic Inc. boosted its stake in shares of TJX Companies by 21.1% in the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after buying an additional 29,158 shares during the period. Fiduciary Trust Co boosted its stake in shares of TJX Companies by 5.2% in the fourth 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 buying an additional 144,113 shares during the period. Finally, Pinnacle Financial Partners Inc boosted its stake in shares of TJX Companies by 2.2% in the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer’s stock valued at $46,989,000 after buying an additional 8,319 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE TJX opened at $125.89 on Friday. The company has a market capitalization of $140.63 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.94 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85. The stock has a fifty day simple moving average of $125.01 and a 200 day simple moving average of $124.49. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

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 for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the prior year, the business posted $0.93 earnings per share. TJX Companies’s quarterly revenue was up 5.1% on a year-over-year basis. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 40.00%.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TJX shares. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Loop Capital set a $150.00 target price on TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. Telsey Advisory Group restated an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. Wells Fargo & Company restated an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. upped their target price on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average target price of $141.06.

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.