NBT Bank N A NY Acquires 1,768 Shares of The TJX Companies, Inc. (NYSE:TJX)

NBT Bank N A NY grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 68,858 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,768 shares during the period. NBT Bank N A NY’s holdings in TJX Companies were worth $8,387,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TJX. Norges Bank bought a new stake in TJX Companies during the fourth quarter worth $1,670,565,000. Raymond James Financial Inc. acquired a new position in shares of TJX Companies during the 4th quarter worth about $570,342,000. GAMMA Investing LLC raised its holdings in shares of TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer’s stock valued at $354,696,000 after purchasing an additional 2,892,151 shares during the period. Capital Research Global Investors lifted its stake in TJX Companies by 689.6% in the 4th quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock valued at $313,512,000 after purchasing an additional 2,266,415 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock valued at $1,689,628,000 after purchasing an additional 1,845,225 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Trading Up 0.3%

TJX stock opened at $124.27 on Tuesday. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The company has a market capitalization of $138.83 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90. The company’s 50-day simple moving average is $127.99 and its 200 day simple moving average is $124.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, August 14th. TJX Companies’s dividend payout ratio is currently 40.00%.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction dated 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 sale, the director now owns 22,712 shares of the company’s stock, valued at $2,909,180.08. This represents 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 the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TJX. JPMorgan Chase & Co. boosted their price target on TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a report on Wednesday, May 21st. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Morgan Stanley set a $140.00 price target on TJX Companies and gave the company an “overweight” rating in a report on Thursday, May 22nd. Finally, Barclays reiterated an “overweight” rating and issued a $147.00 price objective (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $141.53.

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.