The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 408,087 shares of the apparel and home fashions retailer's stock after selling 5,454 shares during the quarter. TJX Companies makes up approximately 5.1% of Bath Savings Trust Co's investment portfolio, making the stock its 3rd largest position. Bath Savings Trust Co's holdings in TJX Companies were worth $49,705,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Bogart Wealth LLC acquired a new position in TJX Companies during the fourth quarter worth $25,000. SOA Wealth Advisors LLC. purchased a new stake in shares of TJX Companies during the fourth quarter worth about $30,000. Millstone Evans Group LLC acquired a new position in shares of TJX Companies during the 4th quarter worth about $30,000. Promus Capital LLC purchased a new position in TJX Companies in the 4th quarter valued at about $32,000. Finally, Tacita Capital Inc purchased a new position in TJX Companies in the 4th quarter valued at about $38,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on TJX. Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday, May 21st. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. UBS Group restated 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. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $140.65.

TJX Companies Stock Down 0.2%

NYSE TJX traded down $0.28 on Friday, hitting $126.79. 9,364,867 shares of the stock traded hands, compared to its average volume of 5,254,415. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average of $126.88 and a 200 day moving average of $123.84. The TJX Companies, Inc. has a twelve month low of $103.70 and a twelve month high of $135.85. The company has a market capitalization of $141.64 billion, a P/E ratio of 29.83, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94.

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 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This is an increase from TJX Companies's previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a dividend yield of 1.34%. TJX Companies's payout ratio is currently 40.00%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.