Monument Capital Management Cuts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Monument Capital Management cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.6% during the first quarter, Holdings Channel.com reports. The fund owned 8,467 shares of the apparel and home fashions retailer’s stock after selling 603 shares during the period. Monument Capital Management’s holdings in TJX Companies were worth $859,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TJX. Running Oak Capital LLC increased its holdings in TJX Companies by 10.9% in the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after acquiring an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board increased its holdings in shares of TJX Companies by 15.9% in the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after purchasing an additional 9,500 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in shares of TJX Companies by 3.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock worth $56,613,000 after purchasing an additional 21,767 shares during the last quarter. Savoir Faire Capital Management L.P. purchased a new stake in shares of TJX Companies in the third quarter worth about $3,197,000. Finally, Gateway Investment Advisers LLC boosted its stake in TJX Companies by 42.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after buying an additional 5,737 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In related news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the transaction, the executive vice president now owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. TD Cowen lifted their price objective on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Evercore ISI set a $113.00 price objective on shares of TJX Companies in a research report on Tuesday, May 21st. Barclays lifted their price objective on shares of TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $100.00 to $110.00 in a research report on Thursday, April 25th. Finally, Telsey Advisory Group increased their price target on shares of TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $110.39.

TJX Companies Trading Up 0.1 %

TJX traded up $0.12 on Wednesday, reaching $110.32. 925,113 shares of the company traded hands, compared to its average volume of 5,524,631. The company has a market cap of $124.68 billion, a P/E ratio of 27.51, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The TJX Companies, Inc. has a one year low of $82.25 and a one year high of $111.79. The firm has a fifty day simple moving average of $103.12 and a two-hundred day simple moving average of $98.59.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is 37.22%.

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.