Blue Trust Inc. Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

Blue Trust Inc. raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 54.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,770 shares of the apparel and home fashions retailer's stock after acquiring an additional 4,881 shares during the period. Blue Trust Inc.'s holdings in TJX Companies were worth $1,397,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valued Wealth Advisors LLC raised its stake in shares of TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer's stock worth $25,000 after purchasing an additional 177 shares in the last quarter. First Pacific Financial bought a new stake in TJX Companies in the 1st quarter valued at $29,000. Frazier Financial Advisors LLC bought a new stake in TJX Companies in the 4th quarter valued at $27,000. OFI Invest Asset Management bought a new stake in TJX Companies in the 1st quarter valued at $30,000. Finally, AlphaMark Advisors LLC raised its stake in TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer's stock valued at $34,000 after acquiring an additional 122 shares during the period. Institutional investors own 91.09% of the company's stock.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the 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 transaction, the director now directly owns 23,470 shares in the company, valued at $2,395,582.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the transaction, the director now owns 23,470 shares of the company's stock, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders sold a total of 50,003 shares of company stock worth $5,060,941 in the last ninety days. 0.13% of the stock is owned by insiders.

TJX Companies Price Performance

Shares of TJX traded down $0.03 during trading hours on Friday, hitting $111.45. 4,656,333 shares of the company were exchanged, compared to its average volume of 5,384,507. The company has a market cap of $125.96 billion, a price-to-earnings ratio of 27.66, a P/E/G ratio of 2.90 and a beta of 0.88. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $115.35. 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 firm's fifty day moving average is $111.15 and its 200 day moving average is $102.76.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the prior year, the company earned $0.76 EPS. TJX Companies's revenue for the quarter was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.12 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.35%. TJX Companies's dividend payout ratio is currently 37.22%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley increased their price target on TJX Companies from $113.00 to $122.00 and gave the company an "overweight" rating in a research note on Thursday, July 18th. BMO Capital Markets increased 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. Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday, May 21st. UBS Group upped their price objective on TJX Companies from $132.00 to $134.00 and gave the company a "buy" rating in a report on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average price target of $113.39.

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.