BTC Capital Management Inc. Has $11.22 Million Position in The TJX Companies, Inc. (NYSE:TJX)

BTC Capital Management Inc. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,093 shares of the apparel and home fashions retailer's stock after acquiring an additional 3,812 shares during the quarter. TJX Companies accounts for about 1.0% of BTC Capital Management Inc.'s holdings, making the stock its 28th biggest position. BTC Capital Management Inc.'s holdings in TJX Companies were worth $11,217,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TJX. Bogart Wealth LLC acquired a new position in TJX Companies in the 4th quarter valued at $25,000. SOA Wealth Advisors LLC. acquired a new position in shares of TJX Companies during the fourth quarter worth about $30,000. Millstone Evans Group LLC purchased a new position in shares of TJX Companies in the fourth quarter valued at $30,000. Promus Capital LLC purchased a new stake in shares of TJX Companies during the fourth quarter worth about $32,000. Finally, Tacita Capital Inc acquired a new stake in TJX Companies during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 1.1%

TJX traded up $1.46 during trading hours on Monday, hitting $128.36. 6,270,310 shares of the company's stock were exchanged, compared to its average volume of 5,258,446. The TJX Companies, Inc. has a 1-year low of $103.70 and a 1-year high of $135.85. The stock's 50-day moving average is $126.88 and its two-hundred day moving average is $123.88. The stock has a market cap of $143.39 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.75 and a beta of 0.94. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly 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 firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's dividend payout ratio is presently 40.00%.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TJX shares. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Telsey Advisory Group restated an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Barclays reiterated an "overweight" rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of "Moderate Buy" and a consensus 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.