BankPlus Trust Department Trims Position in The TJX Companies, Inc. (NYSE:TJX)

BankPlus Trust Department trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,524 shares of the apparel and home fashions retailer's stock after selling 2,479 shares during the quarter. TJX Companies makes up about 1.0% of BankPlus Trust Department's portfolio, making the stock its 20th biggest holding. BankPlus Trust Department's holdings in TJX Companies were worth $2,865,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TJX. Millstone Evans Group LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at approximately $30,000. Atlantic Edge Private Wealth Management LLC grew its stake in TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 110 shares during the period. Inlight Wealth Management LLC acquired a new stake in TJX Companies in the 1st quarter valued at $37,000. Rialto Wealth Management LLC grew its stake in TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after acquiring an additional 179 shares during the period. Finally, Proathlete Wealth Management LLC acquired a new stake in TJX Companies in the 1st quarter valued at $52,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on TJX. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a research note on Tuesday. They issued an "outperform" rating and a $133.00 price target on the stock. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. One research analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $141.06.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.4%

TJX stock opened at $123.69 on Friday. The company's 50 day moving average price is $126.82 and its 200 day moving average price is $124.13. 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 TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The firm has a market capitalization of $138.17 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 2.90 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 net margin of 8.47% and a return on equity of 58.81%. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The business's quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. TJX Companies's payout ratio is 40.00%.

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.

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