The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Bangor Savings Bank

Bangor Savings Bank boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,529 shares of the apparel and home fashions retailer’s stock after buying an additional 117 shares during the period. Bangor Savings Bank’s holdings in TJX Companies were worth $168,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in TJX Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after acquiring an additional 1,269,792 shares during the last quarter. Royal Bank of Canada raised its position in TJX Companies by 7.9% in the fourth quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock worth $1,333,913,000 after purchasing an additional 1,046,148 shares in the last quarter. Janus Henderson Group PLC boosted its stake in TJX Companies by 2.7% in the 1st quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after buying an additional 346,938 shares in the last quarter. Norges Bank acquired a new stake in shares of TJX Companies during the 4th quarter worth about $1,193,438,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after acquiring an additional 3,255,849 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.6 %

NYSE:TJX traded down $0.63 on Tuesday, reaching $110.76. 1,501,083 shares of the stock traded hands, compared to its average volume of 5,356,245. The company has a current ratio of 1.23, a quick ratio of 0.61 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $125.18 billion, a price-to-earnings ratio of 27.64, a price-to-earnings-growth ratio of 2.95 and a beta of 0.88. The company’s 50 day moving average is $110.85 and its 200-day moving average is $102.41. The TJX Companies, Inc. has a 1-year low of $85.44 and a 1-year high of $115.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. The business had revenue of $12.48 billion for the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.11 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.35%. TJX Companies’s payout ratio is currently 37.22%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Evercore ISI set a $113.00 price objective on shares of TJX Companies in a report on Tuesday, May 21st. The Goldman Sachs Group raised shares of TJX Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Sanford C. Bernstein upped their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. BMO Capital Markets raised their target price on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Finally, Morgan Stanley increased their price objective on shares of TJX Companies from $113.00 to $122.00 and gave the company an “overweight” rating in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.67.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares in the company, valued at $58,354,191.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the transaction, the director now owns 23,470 shares in the company, valued at approximately $2,395,582.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock valued at $5,060,941 over the last 90 days. 0.13% of the stock is owned by insiders.

TJX Companies Company 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.