Retirement Planning Co of New England Inc. Sells 933 Shares of The TJX Companies, Inc. (NYSE:TJX)

Retirement Planning Co of New England Inc. reduced its holdings in The TJX Companies, Inc. (NYSE:TJX) by 33.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,897 shares of the apparel and home fashions retailer’s stock after selling 933 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in TJX Companies were worth $231,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC boosted its holdings in TJX Companies by 1.8% in the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer’s stock valued at $586,000 after purchasing an additional 83 shares during the period. One Charles Private Wealth Services LLC raised its position in shares of TJX Companies by 5.0% during the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock valued at $218,000 after buying an additional 86 shares during the last quarter. Salem Investment Counselors Inc. grew its position in TJX Companies by 2.2% during the first 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 in the last quarter. Amplius Wealth Advisors LLC increased its stake in TJX Companies by 4.2% during the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer’s stock valued at $283,000 after acquiring an additional 93 shares during the period. Finally, Aaron Wealth Advisors LLC raised its holdings in TJX Companies by 0.7% in the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer’s stock valued at $1,724,000 after acquiring an additional 96 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction that occurred on 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 owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Price Performance

Shares of NYSE TJX opened at $122.16 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average price is $126.31 and its two-hundred day moving average price is $124.09. The company has a market cap of $136.46 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 2.83 and a beta of 0.88. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month high of $135.85.

TJX Companies (NYSE:TJX) last posted 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. 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 for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared 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. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. TJX Companies’s dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Robert W. Baird upped their price objective on TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 22nd. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, June 2nd. One analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and a consensus price target of $141.06.

TJX Companies Company 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.