Plimoth Trust Co. LLC Purchases 1,126 Shares of The TJX Companies, Inc. (NYSE:TJX)

Plimoth Trust Co. LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,307 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,126 shares during the quarter. Plimoth Trust Co. LLC’s holdings in TJX Companies were worth $2,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TJX. Running Oak Capital LLC increased its holdings in TJX Companies by 10.9% during the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after buying an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board increased its stake in shares of TJX Companies by 15.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after purchasing an additional 9,500 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its position in TJX Companies by 3.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock valued at $56,613,000 after purchasing an additional 21,767 shares in the last quarter. Savoir Faire Capital Management L.P. bought a new stake in TJX Companies during the third quarter valued at about $3,197,000. Finally, Gateway Investment Advisers LLC grew its holdings in TJX Companies by 42.9% during the fourth quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock valued at $1,793,000 after purchasing an additional 5,737 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other TJX Companies news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Kenneth Canestrari sold 20,332 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total value 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 is available at this link. Also, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the transaction, the executive vice president now owns 49,570 shares in the company, valued at $5,042,756.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,003 shares of company stock worth $5,060,941. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TJX. Evercore ISI set a $113.00 price objective on TJX Companies in a research report on Tuesday, May 21st. Barclays lifted their price target on shares of TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Sanford C. Bernstein increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Telsey Advisory Group increased their target price on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird lifted their target price on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $110.39.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $110.20 on Wednesday. The firm has a fifty day simple moving average of $102.81 and a two-hundred day simple moving average of $98.44. The TJX Companies, Inc. has a 52 week low of $82.25 and a 52 week high of $111.79. 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 stock has a market capitalization of $124.54 billion, a P/E ratio of 27.34, a PEG ratio of 2.94 and a beta of 0.88.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $12.48 billion during 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 company’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. On average, analysts expect that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

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.