Harbour Trust & Investment Management Co Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

Harbour Trust & Investment Management Co boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,636 shares of the apparel and home fashions retailer's stock after acquiring an additional 3,888 shares during the period. TJX Companies accounts for about 1.2% of Harbour Trust & Investment Management Co's investment portfolio, making the stock its 24th largest holding. Harbour Trust & Investment Management Co's holdings in TJX Companies were worth $10,065,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TJX. Norges Bank purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $1,670,565,000. Raymond James Financial Inc. bought a new position in shares of TJX Companies during the 4th quarter valued at $570,342,000. GAMMA Investing LLC boosted its stake in shares of TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after buying an additional 2,892,151 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of TJX Companies by 689.6% in the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after acquiring an additional 2,266,415 shares during the period. Finally, Northern Trust Corp increased its position in TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after acquiring an additional 1,845,225 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TJX. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. 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 research report on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Finally, Barclays reiterated an "overweight" rating and set a $147.00 target price (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and an average price target of $141.53.

TJX Companies Stock Performance

NYSE:TJX traded up $0.67 during midday trading on Friday, hitting $125.98. The company's stock had a trading volume of 2,986,646 shares, compared to its average volume of 5,198,385. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. 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 firm has a market cap of $140.73 billion, a P/E ratio of 29.64, a P/E/G ratio of 2.93 and a beta of 0.88. The firm's 50 day moving average is $127.17 and its 200-day moving average is $124.01.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data 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 quarter in the prior year, the business earned $0.93 earnings per share. The business's quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. 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 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.