NBT Bank N A NY Buys 1,768 Shares of The TJX Companies, Inc. (NYSE:TJX)

NBT Bank N A NY raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,858 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,768 shares during the quarter. NBT Bank N A NY’s holdings in TJX Companies were worth $8,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Shell Asset Management Co. raised its position in TJX Companies by 16.5% in the 4th quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock worth $3,524,000 after purchasing an additional 4,128 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of TJX Companies by 10.1% in the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock valued at $88,992,000 after buying an additional 67,853 shares during the period. Ethic Inc. raised its position in shares of TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock worth $20,196,000 after acquiring an additional 29,158 shares during the last quarter. Fiduciary Trust Co lifted its stake in shares of TJX Companies by 5.2% during 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 during the period. Finally, Atlas Legacy Advisors LLC acquired a new position in shares of TJX Companies during the fourth quarter valued at $433,000. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the 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 completion of the transaction, the director now directly owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.3%

NYSE:TJX opened at $124.27 on Tuesday. The TJX Companies, Inc. has a 1 year low of $107.71 and a 1 year high of $135.85. The stock has a 50-day moving average price of $127.99 and a two-hundred day moving average price of $124.16. The stock has a market cap of $138.83 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.75 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $13.11 billion for the quarter, compared to analysts’ expectations of $13.01 billion. During the same quarter in the previous year, the business posted $0.93 EPS. TJX Companies’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.37%. TJX Companies’s payout ratio is 40.00%.

Analyst Ratings Changes

TJX has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Robert W. Baird raised their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, May 22nd. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Finally, Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $141.53.

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.