The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Park National Corp OH

Park National Corp OH increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 280,277 shares of the apparel and home fashions retailer's stock after purchasing an additional 18,699 shares during the quarter. TJX Companies accounts for approximately 1.3% of Park National Corp OH's investment portfolio, making the stock its 21st largest holding. Park National Corp OH's holdings in TJX Companies were worth $34,138,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after buying an additional 8,002 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in TJX Companies by 25.1% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,869 shares of the apparel and home fashions retailer's stock valued at $588,000 after acquiring an additional 976 shares during the period. Revolve Wealth Partners LLC lifted its holdings in TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares during the period. Perigon Wealth Management LLC lifted its holdings in TJX Companies by 11.8% in the fourth quarter. Perigon Wealth Management LLC now owns 15,530 shares of the apparel and home fashions retailer's stock valued at $1,885,000 after acquiring an additional 1,633 shares during the period. Finally, BSW Wealth Partners lifted its stake in shares of TJX Companies by 4.4% in the 4th quarter. BSW Wealth Partners now owns 6,926 shares of the apparel and home fashions retailer's stock valued at $837,000 after purchasing an additional 290 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE TJX traded down $0.28 during mid-day trading on Friday, hitting $126.79. The stock had a trading volume of 9,364,867 shares, compared to its average volume of 5,341,346. The firm's 50 day moving average is $126.88 and its 200 day moving average is $123.84. The stock has a market capitalization of $141.64 billion, a price-to-earnings ratio of 29.83, a PEG ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a twelve month low of $102.90 and a twelve month high of $135.85.

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 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, May 15th. This is a boost from TJX Companies's previous quarterly dividend of $0.38. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Analyst Ratings Changes

Several research firms recently issued reports on TJX. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $127.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, May 19th. Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. TD Securities upped their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $140.65.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

TJX Companies 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.