The TJX Companies, Inc. (NYSE:TJX) Stake Raised by Indiana Trust & Investment Management CO

Indiana Trust & Investment Management CO boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,893 shares of the apparel and home fashions retailer’s stock after acquiring an additional 240 shares during the quarter. TJX Companies comprises about 1.1% of Indiana Trust & Investment Management CO’s investment portfolio, making the stock its 17th biggest holding. Indiana Trust & Investment Management CO’s holdings in TJX Companies were worth $2,727,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new position in TJX Companies during the 4th quarter valued at about $27,000. Anchor Investment Management LLC acquired a new stake in TJX Companies in the 4th quarter worth approximately $28,000. BKM Wealth Management LLC acquired a new stake in TJX Companies in the 4th quarter worth approximately $30,000. Sachetta LLC acquired a new stake in TJX Companies in the 4th quarter worth approximately $38,000. Finally, Security National Bank acquired a new stake in TJX Companies in the 4th quarter worth approximately $40,000. 91.09% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,003 shares of company stock worth $5,060,941. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Down 0.4 %

Shares of NYSE:TJX traded down $0.45 during mid-day trading on Friday, reaching $110.10. 12,412,095 shares of the stock were exchanged, compared to its average volume of 5,571,223. 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 company has a market cap of $124.43 billion, a P/E ratio of 27.45, a P/E/G ratio of 2.96 and a beta of 0.87. The TJX Companies, Inc. has a one year low of $82.25 and a one year high of $111.79. The stock’s 50 day simple moving average is $101.79 and its 200-day simple moving average is $97.98.

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

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors 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 dividend yield of 1.36%. TJX Companies’s payout ratio is presently 37.22%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Telsey Advisory Group upped their price target on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. TD Cowen upped their price target on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. UBS Group increased their target price on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday, May 21st. Finally, BMO Capital Markets upped their price target on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $110.37.

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.