Plimoth Trust Co. LLC Acquires 5,277 Shares of The TJX Companies, Inc. (NYSE:TJX)

Plimoth Trust Co. LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 21.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,448 shares of the apparel and home fashions retailer's stock after acquiring an additional 5,277 shares during the period. Plimoth Trust Co. LLC's holdings in TJX Companies were worth $3,587,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Sterling Investment Counsel LLC lifted its stake in TJX Companies by 14.4% in the first quarter. Sterling Investment Counsel LLC now owns 1,905 shares of the apparel and home fashions retailer's stock valued at $232,000 after purchasing an additional 240 shares during the last quarter. Premier Path Wealth Partners LLC raised its stake in shares of TJX Companies by 1.7% in the first quarter. Premier Path Wealth Partners LLC now owns 13,653 shares of the apparel and home fashions retailer's stock valued at $1,663,000 after buying an additional 222 shares during the period. Aspiriant LLC raised its stake in shares of TJX Companies by 1.1% in the first quarter. Aspiriant LLC now owns 25,096 shares of the apparel and home fashions retailer's stock valued at $3,057,000 after buying an additional 266 shares during the period. State of Alaska Department of Revenue lifted its position in shares of TJX Companies by 1.7% during the 1st quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer's stock valued at $22,132,000 after buying an additional 3,125 shares during the last quarter. Finally, CWA Asset Management Group LLC grew its stake in shares of TJX Companies by 19.2% during the 1st quarter. CWA Asset Management Group LLC now owns 4,500 shares of the apparel and home fashions retailer's stock worth $548,000 after acquiring an additional 726 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE:TJX traded down $0.54 during trading hours on Thursday, hitting $122.48. 4,920,927 shares of the company's stock traded hands, compared to its average volume of 5,206,952. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The business's fifty day simple moving average is $127.86 and its two-hundred day simple moving average is $124.14. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The firm has a market cap of $136.82 billion, a P/E ratio of 28.82, a P/E/G ratio of 2.91 and a beta of 0.90.

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 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm 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 58.81% and a net margin of 8.47%. The company's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays reissued an "overweight" rating and issued a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research report on Wednesday, May 21st. Robert W. Baird upped their price target on shares of TJX Companies from $140.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Wall Street Zen raised shares of 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 issued a buy rating to the company's stock. Based on data from MarketBeat, TJX Companies has an average rating of "Moderate Buy" and a consensus target price of $141.53.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

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.