Greenleaf Trust Has $17.70 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Greenleaf Trust lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,336 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,268 shares during the period. Greenleaf Trust's holdings in TJX Companies were worth $17,702,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after buying an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in TJX Companies by 12.1% in the 4th 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. Proficio Capital Partners LLC boosted its holdings in TJX Companies by 62.3% in the 4th quarter. Proficio Capital Partners LLC now owns 4,473 shares of the apparel and home fashions retailer's stock valued at $540,000 after purchasing an additional 1,717 shares during the period. Simplicity Wealth LLC acquired a new stake in TJX Companies in the 4th quarter worth $222,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of TJX Companies by 6.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 243,837 shares of the apparel and home fashions retailer's stock valued at $29,458,000 after buying an additional 14,004 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TJX. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Finally, Barclays reissued an "overweight" rating and issued a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $141.06.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the business'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 transaction, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

TJX Companies Trading Up 0.3%

Shares of TJX stock traded up $0.35 on Wednesday, reaching $125.61. 3,817,986 shares of the stock were exchanged, compared to its average volume of 5,193,462. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The stock has a market cap of $140.32 billion, a PE ratio of 29.56, a P/E/G ratio of 2.92 and a beta of 0.88. The stock has a 50 day moving average price of $127.06 and a 200 day moving average price of $124.10.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter last year, the firm earned $0.93 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.35%. TJX Companies's dividend 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.