The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Essex Savings Bank

Essex Savings Bank raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,403 shares of the apparel and home fashions retailer’s stock after purchasing an additional 299 shares during the quarter. Essex Savings Bank’s holdings in TJX Companies were worth $536,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TJX. Norges Bank acquired a new position in TJX Companies during the fourth quarter worth about $1,670,565,000. Raymond James Financial Inc. acquired a new stake in TJX Companies in the 4th quarter valued at about $570,342,000. GAMMA Investing LLC lifted its holdings in 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 acquiring an additional 2,892,151 shares during the last quarter. Capital Research Global Investors boosted its position in shares of TJX Companies by 689.6% during 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 in the last quarter. Finally, Northern Trust Corp grew its stake in shares of 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 worth $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 Price Performance

Shares of TJX opened at $123.00 on Wednesday. The business’s 50-day moving average is $127.93 and its 200-day moving average is $124.16. 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 company has a market capitalization of $137.40 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 2.94 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the prior year, the business earned $0.93 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.38%. TJX Companies’s payout ratio is 40.00%.

Analysts Set New Price Targets

A number of analysts recently commented on TJX shares. Barclays reiterated an “overweight” rating and issued a $147.00 target price (up from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. TD Securities upped their price target on TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a report on Tuesday, May 20th. Loop Capital set a $150.00 price objective on TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 22nd. Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, May 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $141.53.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on 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 now owns 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Company 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.