Fulton Bank N.A. Reduces Holdings in The TJX Companies, Inc. (NYSE:TJX)

Fulton Bank N.A. lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,318 shares of the apparel and home fashions retailer’s stock after selling 1,327 shares during the quarter. Fulton Bank N.A.’s holdings in TJX Companies were worth $5,033,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Shell Asset Management Co. lifted its stake in shares of 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 valued at $3,524,000 after purchasing an additional 4,128 shares during the last quarter. Pathstone Holdings LLC raised its holdings in 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. lifted 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 buying an additional 29,158 shares during the last quarter. Fiduciary Trust Co boosted its stake in 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 worth $349,284,000 after buying an additional 144,113 shares during the period. Finally, Congress Asset Management Co. increased its position in shares of TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after acquiring an additional 13,036 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX stock opened at $128.36 on Tuesday. The firm has a 50 day moving average of $127.05 and a 200-day moving average of $123.94. The company has a market cap of $143.39 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 2.75 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $103.70 and a 12-month high of $135.85.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. TJX Companies’s revenue 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 EPS for the current fiscal year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a yield of 1.32%. This is a boost from TJX Companies’s previous quarterly dividend of $0.38. TJX Companies’s payout ratio is presently 40.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TJX. TD Securities increased their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a research report on Tuesday, May 20th. BMO Capital Markets restated an “outperform” rating on shares of TJX Companies in a research report on Wednesday, May 21st. Citigroup upgraded TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. raised their target price on TJX Companies from $130.00 to $145.00 and gave the company an “overweight” rating in a report on Monday. Finally, Loop Capital set a $150.00 price target on shares of TJX Companies and gave the stock a “buy” rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.53.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.