Hemenway Trust Co LLC Has $38.80 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Hemenway Trust Co LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 321,161 shares of the apparel and home fashions retailer's stock after buying an additional 2,292 shares during the quarter. TJX Companies accounts for about 3.1% of Hemenway Trust Co LLC's portfolio, making the stock its 12th largest position. Hemenway Trust Co LLC's holdings in TJX Companies were worth $38,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TJX. Bogart Wealth LLC acquired a new stake in TJX Companies during the 4th quarter worth $25,000. Trivant Custom Portfolio Group LLC acquired a new position in TJX Companies in the 4th quarter worth $26,000. Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the third quarter worth about $30,000. SOA Wealth Advisors LLC. acquired a new position in TJX Companies during the 4th quarter worth approximately $30,000. Finally, Millstone Evans Group LLC bought a new stake in shares of TJX Companies in the fourth quarter worth $30,000. Institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TJX shares. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. BMO Capital Markets increased their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company upped their target price on shares of TJX Companies from $115.00 to $120.00 and gave the company an "equal weight" rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, TJX Companies has an average rating of "Moderate Buy" and an average price target of $135.76.

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TJX Companies Price Performance

TJX stock traded up $2.53 during midday trading on Wednesday, reaching $122.56. The company had a trading volume of 3,298,557 shares, compared to its average volume of 5,310,082. The company has a market capitalization of $136.92 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.33. The stock has a 50 day moving average price of $121.40 and a 200-day moving average price of $120.42.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a $0.425 dividend. This is an increase from TJX Companies's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.70 annualized dividend and a yield of 1.39%. TJX Companies's dividend payout ratio is presently 39.91%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

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.