Colonial Trust Co SC Has $5.34 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Colonial Trust Co SC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,220 shares of the apparel and home fashions retailer's stock after buying an additional 2,958 shares during the period. Colonial Trust Co SC's holdings in TJX Companies were worth $5,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Principal Financial Group Inc. raised its stake in TJX Companies by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,964,220 shares of the apparel and home fashions retailer's stock valued at $230,874,000 after acquiring an additional 69,064 shares during the period. CWA Asset Management Group LLC increased its holdings in shares of TJX Companies by 7.3% in the fourth quarter. CWA Asset Management Group LLC now owns 3,774 shares of the apparel and home fashions retailer's stock valued at $456,000 after purchasing an additional 258 shares during the last quarter. Diversified Trust Co raised its position in shares of TJX Companies by 11.1% in the fourth quarter. Diversified Trust Co now owns 23,895 shares of the apparel and home fashions retailer's stock valued at $2,887,000 after purchasing an additional 2,390 shares during the period. Norway Savings Bank lifted its stake in shares of TJX Companies by 8.7% during the 4th quarter. Norway Savings Bank now owns 12,978 shares of the apparel and home fashions retailer's stock worth $1,568,000 after buying an additional 1,037 shares during the last quarter. Finally, Private Client Services LLC bought a new stake in shares of TJX Companies during the 4th quarter worth about $223,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of TJX traded up $0.07 during mid-day trading on Friday, reaching $128.16. The company had a trading volume of 4,131,085 shares, compared to its average volume of 5,332,623. The company has a market capitalization of $143.17 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company's 50 day simple moving average is $123.03 and its 200 day simple moving average is $122.28. The TJX Companies, Inc. has a 1-year low of $97.53 and a 1-year high of $131.30.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's payout ratio is 39.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays raised their price objective on shares of TJX Companies from $136.00 to $137.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Morgan Stanley lowered their price target on shares of TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, StockNews.com downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $136.94.

Insider Activity

In related news, CEO Ernie Herrman sold 23,428 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

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.