The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 15.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 131,874 shares of the apparel and home fashions retailer’s stock after selling 23,682 shares during the period. TJX Companies accounts for 1.4% of Nixon Peabody Trust Co.’s portfolio, making the stock its 26th biggest holding. Nixon Peabody Trust Co.’s holdings in TJX Companies were worth $16,062,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Bogart Wealth LLC bought a new position in TJX Companies in the 4th quarter worth about $25,000. SOA Wealth Advisors LLC. bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $30,000. Millstone Evans Group LLC acquired a new position in shares of TJX Companies during the fourth quarter worth approximately $30,000. Promus Capital LLC bought a new position in TJX Companies in the 4th quarter worth approximately $32,000. Finally, Tacita Capital Inc acquired a new stake in TJX Companies in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TJX. Cowen reiterated a “buy” rating on shares of TJX Companies in a research report on Tuesday, May 20th. Barclays restated an “overweight” rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research report on Wednesday, May 21st. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $141.53.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $128.26 on Wednesday. The company has a market capitalization of $143.28 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a fifty day moving average of $127.21 and a 200-day moving average of $123.97. The TJX Companies, Inc. has a one year low of $104.25 and a one year high of $135.85.

TJX Companies (NYSE:TJX) last announced 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. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. TJX Companies’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 dividend on an annualized basis and a yield of 1.33%. TJX Companies’s dividend 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.