Crossmark Global Holdings Inc. Buys 5,622 Shares of The TJX Companies, Inc. (NYSE:TJX)

Crossmark Global Holdings Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 265,061 shares of the apparel and home fashions retailer's stock after acquiring an additional 5,622 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in TJX Companies were worth $32,284,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted its stake in TJX Companies by 16.5% during the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after purchasing an additional 4,128 shares in the last quarter. Pathstone Holdings LLC boosted its stake in TJX Companies by 10.1% during the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after purchasing an additional 67,853 shares in the last quarter. Ethic Inc. boosted its stake in TJX Companies by 21.1% during the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after purchasing an additional 29,158 shares in the last quarter. Fiduciary Trust Co boosted its stake in TJX Companies by 5.2% during the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after purchasing an additional 144,113 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its stake in TJX Companies by 2.2% during the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after purchasing an additional 8,319 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm's 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 transaction, the director directly 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Down 0.5%

Shares of NYSE:TJX traded down $0.68 during midday trading on Monday, hitting $125.18. 3,894,137 shares of the stock were exchanged, compared to its average volume of 5,196,325. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. 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 $127.16 and its two-hundred day simple moving average is $124.07. The company has a market capitalization of $139.84 billion, a PE ratio of 29.45, a P/E/G ratio of 2.94 and a beta of 0.88.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $13.01 billion. During the same period last year, the company earned $0.93 earnings per share. TJX Companies's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, research analysts predict 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. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.36%. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TJX shares. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. 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 note on Monday, June 2nd. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price objective on shares of TJX Companies in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.