Hutchens & Kramer Investment Management Group LLC Sells 390 Shares of The TJX Companies, Inc. (NYSE:TJX)

Hutchens & Kramer Investment Management Group LLC lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.6% in the first quarter, Holdings Channel.com reports. The fund owned 6,614 shares of the apparel and home fashions retailer’s stock after selling 390 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in TJX Companies were worth $806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Brighton Jones LLC raised 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 worth $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of 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 worth $262,000 after acquiring an additional 235 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth $53,000. Nwam LLC grew its stake in shares of TJX Companies by 2.0% in the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock worth $524,000 after acquiring an additional 84 shares during the last quarter. Finally, Flputnam Investment Management Co. grew its stake in shares of TJX Companies by 1.6% in the fourth quarter. Flputnam Investment Management Co. now owns 388,438 shares of the apparel and home fashions retailer’s stock worth $46,927,000 after acquiring an additional 6,087 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.9%

Shares of NYSE:TJX opened at $123.27 on Friday. The stock has a market capitalization of $137.70 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 2.92 and a beta of 0.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The stock’s 50-day simple moving average is $127.21 and its two-hundred day simple moving average is $124.00. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.93 earnings per share. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current 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 given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.38%. TJX Companies’s payout ratio is 40.00%.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Robert W. Baird increased their target price on TJX Companies from $140.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, May 22nd. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. TD Securities increased their target price on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research note on Tuesday, May 20th. 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. Finally, Cowen reissued a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average target price 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.