Nixon Peabody Trust Co. Trims Position in The TJX Companies, Inc. (NYSE:TJX)

Nixon Peabody Trust Co. lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,874 shares of the apparel and home fashions retailer's stock after selling 23,682 shares during the quarter. TJX Companies makes up 1.4% of Nixon Peabody Trust Co.'s portfolio, making the stock its 26th biggest position. Nixon Peabody Trust Co.'s holdings in TJX Companies were worth $16,062,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bogart Wealth LLC bought a new position in shares of TJX Companies in the 4th quarter worth approximately $25,000. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies in the fourth quarter worth $30,000. Millstone Evans Group LLC bought a new position in TJX Companies in the fourth quarter worth $30,000. Promus Capital LLC purchased a new position in TJX Companies during the fourth quarter valued at $32,000. Finally, Tacita Capital Inc purchased a new position in TJX Companies during the fourth quarter valued at $38,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.74 during midday trading on Thursday, hitting $127.34. 4,693,434 shares of the stock traded hands, compared to its average volume of 5,245,631. The firm has a market capitalization of $142.25 billion, a P/E ratio of 29.96, a PEG ratio of 2.75 and a beta of 0.94. The TJX Companies, Inc. has a one year low of $105.53 and a one year high of $135.85. 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 firm has a 50-day moving average of $127.41 and a two-hundred day moving average of $124.00.

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, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $0.93 earnings per share. On average, equities 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 announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.425 per share. 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 1.34%. The ex-dividend date of this dividend is Thursday, May 15th. TJX Companies's dividend payout ratio is currently 40.00%.

Insiders Place Their Bets

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 transaction of $121,685.50. Following the completion of the sale, the director now owns 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

TJX has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. TD Securities boosted their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Barclays reissued an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a 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. According to data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and an average 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.