82,121 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by American National Bank & Trust Co. VA

American National Bank & Trust Co. VA acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 82,121 shares of the apparel and home fashions retailer’s stock, valued at approximately $8,329,000. TJX Companies comprises about 2.0% of American National Bank & Trust Co. VA’s portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Running Oak Capital LLC raised its holdings in TJX Companies by 10.9% during the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after buying an additional 11,036 shares during the period. New Mexico Educational Retirement Board raised its holdings in TJX Companies by 15.9% during the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after buying an additional 9,500 shares during the period. Ferguson Wellman Capital Management Inc. raised its holdings in TJX Companies by 3.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,482 shares of the apparel and home fashions retailer’s stock worth $56,613,000 after buying an additional 21,767 shares during the period. Savoir Faire Capital Management L.P. acquired a new stake in TJX Companies during the 3rd quarter worth approximately $3,197,000. Finally, Gateway Investment Advisers LLC raised its holdings in TJX Companies by 42.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 19,108 shares of the apparel and home fashions retailer’s stock worth $1,793,000 after buying an additional 5,737 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a report on Thursday, April 25th. TD Cowen lifted their price objective on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 17th. BMO Capital Markets lifted their price objective on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Sanford C. Bernstein boosted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Finally, UBS Group boosted their target price on shares of TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $111.50.

Insider Activity

In other news, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the completion of the transaction, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other TJX Companies news, Director Amy B. Lane sold 1,500 shares of the 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 completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares of the company’s stock, valued at approximately $11,089,300. The disclosure for this sale can be found here. Insiders sold 50,003 shares of company stock valued at $5,060,941 over the last quarter. 0.13% of the stock is owned by company insiders.

TJX Companies Price Performance

TJX traded up $0.19 on Thursday, hitting $110.39. 2,277,519 shares of the stock were exchanged, compared to its average volume of 5,616,329. The TJX Companies, Inc. has a 12 month low of $82.25 and a 12 month high of $111.79. The business has a 50-day moving average of $103.42 and a two-hundred day moving average of $98.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The firm has a market capitalization of $124.76 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.95 and a beta of 0.88.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.09 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is currently 37.22%.

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.