Legacy Private Trust Co. Acquires 7,912 Shares of The TJX Companies, Inc. (NYSE:TJX)

Legacy Private Trust Co. boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 28.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,916 shares of the apparel and home fashions retailer's stock after buying an additional 7,912 shares during the quarter. Legacy Private Trust Co.'s holdings in TJX Companies were worth $4,375,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TJX. Bogart Wealth LLC bought a new position in shares of TJX Companies in the fourth quarter valued at $25,000. SOA Wealth Advisors LLC. bought a new position in shares of TJX Companies in the fourth quarter valued at $30,000. Millstone Evans Group LLC bought a new position in shares of TJX Companies in the fourth quarter valued at $30,000. Promus Capital LLC acquired a new stake in TJX Companies during the 4th quarter valued at $32,000. Finally, Tacita Capital Inc acquired a new stake in TJX Companies during the 4th quarter valued at $38,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TJX shares. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. TD Securities upped their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upped 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. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $141.53.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX traded down $1.03 during mid-day trading on Tuesday, hitting $127.40. 1,678,414 shares of the stock were exchanged, compared to its average volume of 5,244,729. The company has a market cap of $142.32 billion, a P/E ratio of 29.98, a PEG ratio of 2.75 and a beta of 0.94. The stock's fifty day simple moving average is $127.05 and its two-hundred day simple moving average is $123.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The TJX Companies, Inc. has a twelve month low of $103.70 and a twelve month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a $0.425 dividend. The ex-dividend date is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

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.