AMG National Trust Bank Acquires 20,865 Shares of The TJX Companies, Inc. (NYSE:TJX)

AMG National Trust Bank boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 36.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,628 shares of the apparel and home fashions retailer’s stock after acquiring an additional 20,865 shares during the quarter. AMG National Trust Bank’s holdings in TJX Companies were worth $8,657,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its stake in shares of TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares during the period. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the second quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $27,000. First Pacific Financial bought a new position in shares of TJX Companies during the first quarter valued at approximately $29,000. Finally, OFI Invest Asset Management purchased a new stake in shares of TJX Companies in the first quarter worth approximately $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction that occurred on 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total transaction of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Up 0.4 %

TJX traded up $0.47 during trading on Friday, hitting $119.47. The stock had a trading volume of 4,523,886 shares, compared to its average volume of 5,595,220. The stock has a 50 day simple moving average of $112.08 and a two-hundred day simple moving average of $103.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 1.21. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month high of $121.06. The company has a market capitalization of $135.02 billion, a PE ratio of 29.65, a PEG ratio of 3.14 and a beta of 0.88.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the business earned $0.85 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, research analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, August 15th. TJX Companies’s payout ratio is currently 37.22%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent analyst reports. BMO Capital Markets increased their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday. Evercore ISI raised their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Loop Capital lifted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley boosted their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday. Finally, TD Cowen raised their price objective on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

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.