Whittier Trust Co. increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 574,620 shares of the apparel and home fashions retailer's stock after acquiring an additional 2,984 shares during the quarter. TJX Companies makes up 1.0% of Whittier Trust Co.'s portfolio, making the stock its 17th biggest position. Whittier Trust Co. owned 0.05% of TJX Companies worth $69,988,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clear Creek Financial Management LLC lifted its holdings in TJX Companies by 1.8% in the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after acquiring an additional 83 shares during the last quarter. One Charles Private Wealth Services LLC lifted its position in shares of TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock worth $218,000 after buying an additional 86 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after purchasing an additional 86 shares during the last quarter. Amplius Wealth Advisors LLC increased its position in 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 buying an additional 93 shares during the period. Finally, Aaron Wealth Advisors LLC raised its position in shares of TJX Companies by 0.7% during the first quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock valued at $1,724,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.
TJX Companies Stock Performance
NYSE:TJX traded down $1.81 during trading hours on Tuesday, reaching $121.75. The company had a trading volume of 4,719,616 shares, compared to its average volume of 5,202,465. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The firm has a market cap of $136.01 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 2.89 and a beta of 0.88. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The firm's 50 day moving average price is $126.71 and its 200-day moving average price is $124.12.
TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.
TJX Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.
Insider Buying and Selling at TJX Companies
In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated 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. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a report on Wednesday, May 21st. TD Securities boosted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. Daiwa Capital Markets began coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price objective on TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. One investment analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $141.06.
View Our Latest Analysis on TJX Companies
About TJX Companies
(
Free Report)
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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