Private Trust Co. NA Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Private Trust Co. NA increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 38.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,823 shares of the apparel and home fashions retailer's stock after buying an additional 5,184 shares during the period. Private Trust Co. NA's holdings in TJX Companies were worth $2,293,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Clear Creek Financial Management LLC boosted its stake in shares of TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after purchasing an additional 83 shares in the last quarter. One Charles Private Wealth Services LLC increased its holdings in shares of TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after acquiring an additional 86 shares during the period. Salem Investment Counselors Inc. increased its holdings in shares of TJX Companies by 2.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after acquiring an additional 86 shares during the period. Amplius Wealth Advisors LLC raised its position in shares of TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after acquiring an additional 93 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in shares of TJX Companies by 0.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock worth $1,724,000 after purchasing an additional 96 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred 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 owned 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company's stock.

TJX Companies Price Performance

Shares of TJX stock traded up $0.67 during mid-day trading on Friday, hitting $125.98. 2,986,646 shares of the stock were exchanged, compared to its average volume of 5,198,385. The TJX Companies, Inc. has a 52-week low of $107.71 and a 52-week high of $135.85. 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 company has a market cap of $140.73 billion, a PE ratio of 29.64, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. The firm has a fifty day moving average of $127.17 and a 200 day moving average of $124.01.

TJX Companies (NYSE:TJX - Get Free Report) last posted 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. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The business had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The business's revenue was up 5.1% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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 paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent analyst reports. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a report on Thursday, May 22nd. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. UBS Group reaffirmed a "buy" rating and set a $164.00 price target (up from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. JPMorgan Chase & Co. raised 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. Finally, Cowen reissued a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, TJX Companies presently has a consensus rating of "Moderate Buy" and an average 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.