Greenleaf Trust Acquires 3,268 Shares of The TJX Companies, Inc. (NYSE:TJX)

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

Several other large investors have also recently added to or reduced their stakes in the stock. Millstone Evans Group LLC bought a new stake in shares of TJX Companies in the fourth quarter valued at about $30,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of 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 purchasing an additional 110 shares during the period. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at approximately $37,000. Rialto Wealth Management LLC grew its stake in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC bought a new position in TJX Companies in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 0.7%

Shares of TJX Companies stock traded down $0.93 during trading hours on Thursday, hitting $124.52. The company's stock had a trading volume of 1,390,232 shares, compared to its average volume of 5,380,614. 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 12 month low of $107.71 and a 12 month high of $135.85. The stock has a 50 day moving average of $127.00 and a 200 day moving average of $124.11. The company has a market capitalization of $139.10 billion, a PE ratio of 29.29, a price-to-earnings-growth ratio of 2.92 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The company's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have commented on TJX. UBS Group reissued a "buy" rating and set a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Barclays restated an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Morgan Stanley set a $140.00 price target on TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Finally, TD Securities raised their price target on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. 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 stock. Based on data from MarketBeat.com, TJX Companies has an average rating of "Buy" and an average price target of $141.06.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction 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 sale, the director owned 22,712 shares of the company's stock, valued at $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 SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate 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.