Whittier Trust Co. Increases Position in The TJX Companies, Inc. (NYSE:TJX)

by · The Cerbat Gem

Whittier Trust Co. grew its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 0.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 574,620 shares of the apparel and home fashions retailer’s stock after buying an additional 2,984 shares during the quarter. TJX Companies accounts for 1.0% of Whittier Trust Co.’s portfolio, making the stock its 17th largest position. Whittier Trust Co. owned about 0.05% of TJX Companies worth $69,988,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TJX. Millstone Evans Group LLC bought a new position in TJX Companies during the fourth quarter valued at approximately $30,000. Atlantic Edge Private Wealth Management LLC lifted its position in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock valued at $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC lifted its position in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock valued at $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC bought a new position in TJX Companies in the first quarter worth approximately $37,000. Finally, Rialto Wealth Management LLC raised its position in TJX Companies by 105.9% in the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer’s stock worth $42,000 after acquiring an additional 179 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director directly owned 22,712 shares of the company’s stock, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of several recent research reports. Wells Fargo & Company reiterated an “equal weight” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Daiwa America upgraded shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. Barclays restated an “overweight” rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. TD Securities raised their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a “buy” rating in a research report on Tuesday, May 20th. Finally, Robert W. Baird raised their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $141.06.

View Our Latest Analysis on TJX

TJX Companies Trading Down 0.1%

NYSE:TJX opened at $123.54 on Tuesday. The TJX Companies, Inc. has a one year low of $107.71 and a one year high of $135.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The firm has a market cap of $138.00 billion, a P/E ratio of 29.07, a P/E/G ratio of 2.89 and a beta of 0.88. The firm has a 50-day simple moving average of $126.71 and a 200-day simple moving average of $124.12.

TJX Companies (NYSE:TJX – Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. The firm had revenue of $13.11 billion during 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%. TJX Companies’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid 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%.

TJX Companies Company Profile

(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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