Buckley Wealth Management LLC Lowers Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Buckley Wealth Management LLC reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.9% during the 1st quarter, HoldingsChannel reports. The firm owned 18,276 shares of the apparel and home fashions retailer’s stock after selling 355 shares during the period. Buckley Wealth Management LLC’s holdings in TJX Companies were worth $1,854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TJX. Frazier Financial Advisors LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at approximately $27,000. Anchor Investment Management LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $28,000. BKM Wealth Management LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $30,000. Sachetta LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $38,000. Finally, BOK Financial Private Wealth Inc. purchased a new stake in shares of TJX Companies in the fourth quarter valued at approximately $40,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.2 %

Shares of NYSE:TJX traded down $0.22 during midday trading on Friday, reaching $110.33. The company’s stock had a trading volume of 1,965,705 shares, compared to its average volume of 5,486,978. The firm has a market cap of $124.69 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.96 and a beta of 0.87. 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 1 year low of $82.25 and a 1 year high of $111.79. The business has a 50 day moving average price of $101.79 and a 200 day moving average price of $97.98.

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

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TJX shares. UBS Group lifted their price target on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $110.00 in a research note on Thursday, April 25th. Sanford C. Bernstein lifted their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Evercore ISI set a $113.00 price objective on TJX Companies in a report on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $110.37.

Insider Activity

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at $2,395,582.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now directly owns 49,570 shares in the company, valued at approximately $5,042,756.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock valued at $5,060,941 over the last quarter. Company insiders own 0.13% of the company’s stock.

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.