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

Hemenway Trust Co LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 331,992 shares of the apparel and home fashions retailer's stock after purchasing an additional 10,831 shares during the period. TJX Companies accounts for about 3.3% of Hemenway Trust Co LLC's portfolio, making the stock its 10th largest position. Hemenway Trust Co LLC's holdings in TJX Companies were worth $40,437,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Promus Capital LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $32,000. Tacita Capital Inc bought a new position in shares of TJX Companies during the 4th quarter worth approximately $38,000. Rialto Wealth Management LLC raised its stake in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after acquiring an additional 179 shares in the last quarter. Finally, Sierra Ocean LLC bought a new position in shares of TJX Companies during the 4th quarter worth approximately $52,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TJX. UBS Group reiterated a "buy" rating and set a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Barclays reissued an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and a consensus price target of $141.53.

TJX Companies Stock Performance

TJX opened at $123.00 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The firm has a fifty day moving average price of $127.93 and a 200 day moving average price of $124.16. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The stock has a market cap of $137.40 billion, a P/E ratio of 28.94, a P/E/G ratio of 2.94 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm 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 posted $0.93 EPS. The business's revenue was up 5.1% compared to the same quarter last year. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company 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 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

About TJX Companies

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.

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