Arbor Trust Wealth Advisors LLC Has $1.33 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Arbor Trust Wealth Advisors LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 9.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,752 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,955 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in TJX Companies were worth $1,327,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of TJX Companies during the 4th quarter worth about $827,082,000. Ontario Teachers Pension Plan Board bought a new stake in shares of TJX Companies during the 1st quarter worth about $408,331,000. 1832 Asset Management L.P. boosted its stake in shares of TJX Companies by 141.0% during the 1st quarter. 1832 Asset Management L.P. now owns 8,130,500 shares of the apparel and home fashions retailer’s stock worth $485,794,000 after acquiring an additional 4,756,845 shares in the last quarter. Capital International Investors boosted its stake in TJX Companies by 67.8% during the 1st quarter. Capital International Investors now owns 10,700,425 shares of the apparel and home fashions retailer’s stock valued at $648,232,000 after purchasing an additional 4,324,443 shares during the period. Finally, State Street Corp boosted its stake in TJX Companies by 4.4% during the 4th quarter. State Street Corp now owns 49,000,588 shares of the apparel and home fashions retailer’s stock valued at $3,720,125,000 after purchasing an additional 2,057,821 shares during the period. 90.42% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other news, EVP Louise Greenlees sold 8,822 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total transaction of $599,896.00. Following the completion of the sale, the executive vice president now owns 58,335 shares in the company, valued at $3,966,780. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Louise Greenlees sold 8,822 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $68.00, for a total value of $599,896.00. Following the completion of the sale, the executive vice president now directly owns 58,335 shares in the company, valued at $3,966,780. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Scott Goldenberg sold 16,551 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $68.00, for a total value of $1,125,468.00. Following the completion of the sale, the chief financial officer now owns 102,576 shares of the company’s stock, valued at $6,975,168. The disclosure for this sale can be found here. Insiders sold a total of 146,375 shares of company stock worth $9,821,034 over the last quarter. Company insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their target price on TJX Companies from $71.00 to $80.00 in a research note on Friday, September 16th. William Blair reiterated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, August 17th. Cowen raised their price objective on TJX Companies from $72.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, August 18th. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a report on Thursday, July 28th. Finally, Barclays increased their target price on TJX Companies from $72.00 to $76.00 and gave the stock an “overweight” rating in a report on Friday, August 19th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average target price of $74.94.

TJX Companies Stock Down 1.1 %

Shares of TJX traded down $0.71 during midday trading on Friday, hitting $61.30. The stock had a trading volume of 276,882 shares, compared to its average volume of 4,514,089. The company has a 50 day simple moving average of $63.80 and a two-hundred day simple moving average of $61.65. The TJX Companies, Inc. has a twelve month low of $53.69 and a twelve month high of $77.35. The firm has a market cap of $71.17 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 1.93 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.17 and a quick ratio of 0.47.

TJX Companies (NYSE:TJXGet Rating) last released its earnings results on Wednesday, August 17th. The apparel and home fashions retailer reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $12.05 billion. TJX Companies had a return on equity of 61.19% and a net margin of 6.77%. TJX Companies’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 earnings per share. On average, analysts anticipate that The TJX Companies, Inc. will post 3.11 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Wednesday, November 9th. TJX Companies’s dividend payout ratio is presently 42.14%.

About TJX Companies

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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