The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 168,866 shares of the apparel and home fashions retailer's stock after acquiring an additional 3,665 shares during the period. Sanibel Captiva Trust Company Inc.'s holdings in TJX Companies were worth $20,568,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Bogart Wealth LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $25,000. Millstone Evans Group LLC purchased a new stake in TJX Companies in the 4th quarter valued at about $30,000. Promus Capital LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth approximately $32,000. Tacita Capital Inc purchased a new stake in shares of TJX Companies in the 4th quarter worth approximately $38,000. Finally, Rialto Wealth Management LLC lifted its position in shares of TJX Companies by 105.9% in the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after purchasing an additional 179 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $1.51 during midday trading on Wednesday, reaching $124.54. The company's stock had a trading volume of 4,145,652 shares, compared to its average volume of 5,214,761. The firm has a market capitalization of $139.12 billion, a PE ratio of 29.30, a P/E/G ratio of 2.75 and a beta of 0.90. The TJX Companies, Inc. has a twelve month low of $106.18 and a twelve month high of $135.85. The stock has a fifty day moving average of $127.67 and a 200 day moving average of $124.22. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 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 analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $0.93 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were 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 owns 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

TJX has been the subject of a number of analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus price target 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.