First Bank & Trust Buys 411 Shares of The TJX Companies, Inc. (NYSE:TJX)

First Bank & Trust boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,931 shares of the apparel and home fashions retailer’s stock after buying an additional 411 shares during the period. First Bank & Trust’s holdings in TJX Companies were worth $297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC bought a new stake in shares of TJX Companies in the 4th quarter worth $27,000. Anchor Investment Management LLC bought a new stake in shares of TJX Companies in the 4th quarter worth $28,000. BKM Wealth Management LLC bought a new stake in shares of TJX Companies in the 4th quarter worth $30,000. Register Financial Advisors LLC bought a new stake in shares of TJX Companies in the 1st quarter worth $37,000. Finally, Sachetta LLC bought a new stake in shares of TJX Companies in the 4th quarter worth $38,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $110.10 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $102.48 and its two-hundred day simple moving average is $98.25. The stock has a market cap of $124.43 billion, a PE ratio of 27.32, a P/E/G ratio of 2.94 and a beta of 0.87. The TJX Companies, Inc. has a 52 week low of $82.25 and a 52 week high of $111.79.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. As a group, analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.36%. TJX Companies’s dividend payout ratio is presently 37.22%.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the sale, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the sale, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,003 shares of company stock valued at $5,060,941. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research analyst reports. Evercore ISI set a $113.00 target price on TJX Companies in a report on Tuesday, May 21st. Sanford C. Bernstein raised their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday, May 21st. Telsey Advisory Group raised their price target on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, Robert W. Baird raised their price target on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.39.

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.