The TJX Companies, Inc. (NYSE:TJX) Stake Increased by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,801 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,647 shares during the period. TJX Companies makes up about 1.6% of First National Bank of Mount Dora Trust Investment Services' investment portfolio, making the stock its 27th biggest holding. First National Bank of Mount Dora Trust Investment Services' holdings in TJX Companies were worth $6,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after purchasing an additional 235 shares during the period. Strategic Financial Concepts LLC acquired a new stake in TJX Companies during the 4th quarter valued at $2,138,000. Vest Financial LLC acquired a new stake in TJX Companies during the 4th quarter valued at $792,000. Finally, Empowered Funds LLC increased its stake in TJX Companies by 12.1% during the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock worth $4,130,000 after buying an additional 3,691 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TJX. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wells Fargo & Company restated an "equal weight" rating on shares of TJX Companies in a report on Wednesday, May 21st. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Finally, Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.53.

TJX Companies Stock Performance

TJX Companies stock traded down $0.28 during mid-day trading on Tuesday, hitting $126.07. 4,681,615 shares of the company's stock traded hands, compared to its average volume of 5,211,383. The TJX Companies, Inc. has a one year low of $106.18 and a one year high of $135.85. The company has a market cap of $140.83 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The firm has a 50 day moving average price of $127.66 and a 200 day moving average price of $124.21. 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 announced its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. TJX Companies's revenue was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.35%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

TJX Companies 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.