The TJX Companies, Inc. (NYSE:TJX) Stock Holdings Lifted by Rockland Trust Co.

Rockland Trust Co. boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,457 shares of the apparel and home fashions retailer's stock after buying an additional 46,529 shares during the quarter. TJX Companies makes up about 1.7% of Rockland Trust Co.'s investment portfolio, making the stock its 20th biggest holding. Rockland Trust Co.'s holdings in TJX Companies were worth $33,794,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $25,000. Millstone Evans Group LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $30,000. Promus Capital LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $32,000. Tacita Capital Inc acquired a new position in TJX Companies in the fourth quarter valued at approximately $38,000. Finally, Rialto Wealth Management LLC boosted its stake in TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after acquiring an additional 179 shares during the period. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

TJX has been the subject of a number of research reports. Barclays restated an "overweight" rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. UBS Group reiterated a "buy" rating and set a $164.00 price objective (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Robert W. Baird boosted their price objective on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and an average price target of $141.53.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director now owns 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

TJX Companies Price Performance

TJX traded down $0.71 during trading on Friday, reaching $123.75. The stock had a trading volume of 3,786,474 shares, compared to its average volume of 5,212,580. The firm has a market capitalization of $138.25 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $107.71 and a 1-year high of $135.85. The stock has a 50 day moving average of $127.91 and a two-hundred day moving average of $124.19.

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

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. TJX Companies's dividend payout ratio (DPR) is 40.00%.

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.