WASHINGTON TRUST Co Sells 4,460 Shares of The TJX Companies, Inc. (NYSE:TJX)

WASHINGTON TRUST Co lowered its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,395 shares of the apparel and home fashions retailer's stock after selling 4,460 shares during the period. TJX Companies comprises 1.1% of WASHINGTON TRUST Co's portfolio, making the stock its 19th largest holding. WASHINGTON TRUST Co's holdings in TJX Companies were worth $28,428,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after purchasing an additional 235 shares in the last quarter. Fisher Asset Management LLC raised its position in TJX Companies by 25.8% in the 4th quarter. Fisher Asset Management LLC now owns 8,481 shares of the apparel and home fashions retailer's stock worth $1,025,000 after purchasing an additional 1,738 shares during the last quarter. Richard W. Paul & Associates LLC lifted its holdings in TJX Companies by 476.6% during the 4th quarter. Richard W. Paul & Associates LLC now owns 2,243 shares of the apparel and home fashions retailer's stock worth $271,000 after buying an additional 1,854 shares in the last quarter. Finally, Capital Wealth Planning LLC boosted its position in TJX Companies by 39.1% in the 4th quarter. Capital Wealth Planning LLC now owns 3,658,245 shares of the apparel and home fashions retailer's stock valued at $441,953,000 after buying an additional 1,027,456 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TJX shares. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a report on Monday, June 2nd. Citigroup raised TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Loop Capital set a $150.00 price objective on TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Finally, Cowen reiterated a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $141.53.

TJX Companies Stock Up 0.0%

TJX stock traded up $0.06 during mid-day trading on Monday, reaching $123.44. The company had a trading volume of 6,202,996 shares, compared to its average volume of 5,193,888. The company has a market capitalization of $137.89 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 2.92 and a beta of 0.90. 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 TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The stock has a 50 day simple moving average of $127.21 and a two-hundred day simple moving average of $123.98.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 earnings per share. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 dividend yield of 1.38%. TJX Companies's payout ratio is 40.00%.

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.