Ledyard National Bank Has $10.68 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Ledyard National Bank trimmed its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 87,712 shares of the apparel and home fashions retailer's stock after selling 3,760 shares during the period. TJX Companies comprises about 1.1% of Ledyard National Bank's holdings, making the stock its 27th biggest position. Ledyard National Bank's holdings in TJX Companies were worth $10,683,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TJX. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at $30,000. Promus Capital LLC purchased a new position in TJX Companies in the 4th quarter valued at about $32,000. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies during the first quarter worth about $37,000. Tacita Capital Inc acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $38,000. Finally, Rialto Wealth Management LLC lifted its stake in shares of 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 valued at $42,000 after buying an additional 179 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of TJX traded down $0.06 during trading hours on Tuesday, reaching $124.70. 4,512,554 shares of the company's stock traded hands, compared to its average volume of 5,401,453. The TJX Companies, Inc. has a twelve month low of $107.71 and a twelve month 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 capitalization of $139.30 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 2.92 and a beta of 0.90. The business's fifty day simple moving average is $127.55 and its two-hundred day simple moving average is $124.08.

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 the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. Analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 1.36%. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on TJX shares. Loop Capital set a $150.00 price target on TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, Barclays reaffirmed an "overweight" rating and set a $147.00 price target (up previously 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $141.53.

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.