First American Bank Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

First American Bank grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 132,919 shares of the apparel and home fashions retailer’s stock after buying an additional 1,315 shares during the quarter. TJX Companies accounts for approximately 1.2% of First American Bank’s holdings, making the stock its 21st biggest holding. First American Bank’s holdings in TJX Companies were worth $16,190,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $30,000. Promus Capital LLC purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $32,000. Tacita Capital Inc purchased a new stake in shares of TJX Companies during the 4th quarter valued at about $38,000. Rialto Wealth Management LLC grew its holdings in TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock valued at $42,000 after purchasing an additional 179 shares during the last quarter. Finally, Proathlete Wealth Management LLC bought a new position in TJX Companies during the 1st quarter valued at about $52,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TJX shares. Loop Capital set a $150.00 price target on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. Cowen restated a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research note on Wednesday, May 21st. JPMorgan Chase & Co. upped their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Finally, TD Securities upped their target price 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. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.53.

TJX Companies Trading Up 0.7%

NYSE TJX opened at $123.35 on Friday. The company has a fifty day simple moving average of $127.66 and a two-hundred day simple moving average of $124.11. The stock has a market cap of $137.80 billion, a P/E ratio of 29.02, a P/E/G ratio of 2.90 and a beta of 0.90. The TJX Companies, Inc. has a 12-month low of $107.71 and a 12-month high of $135.85. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

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, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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 paid 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 currently 40.00%.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the firm’s 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 sale, the director now owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.