The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,017 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,275 shares during the quarter. TJX Companies accounts for about 1.2% of Penobscot Investment Management Company Inc.’s investment portfolio, making the stock its 21st largest holding. Penobscot Investment Management Company Inc.’s holdings in TJX Companies were worth $12,791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Shell Asset Management Co. grew its position in TJX Companies by 16.5% in the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock valued at $3,524,000 after acquiring an additional 4,128 shares in the last quarter. Pathstone Holdings LLC grew its position in TJX Companies by 10.1% in the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock valued at $88,992,000 after acquiring an additional 67,853 shares in the last quarter. Ethic Inc. grew its position in TJX Companies by 21.1% in the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after acquiring an additional 29,158 shares in the last quarter. Fiduciary Trust Co grew its position in TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after acquiring an additional 144,113 shares in the last quarter. Finally, Pennington Partners & CO. LLC acquired a new stake in TJX Companies in the fourth quarter valued at approximately $257,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, June 2nd. UBS Group reaffirmed a “buy” rating and issued a $164.00 price objective (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 21st. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 22nd. Finally, Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.53.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director now directly owns 22,712 shares of the company’s stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

Shares of NYSE TJX opened at $122.59 on Thursday. The TJX Companies, Inc. has a fifty-two week low of $107.71 and a fifty-two week high of $135.85. The firm’s 50-day simple moving average is $127.40 and its 200 day simple moving average is $124.07. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock has a market cap of $136.95 billion, a P/E ratio of 28.84, a P/E/G ratio of 2.95 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. TJX Companies’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s payout ratio is currently 40.00%.

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.