Indiana Trust & Investment Management CO Sells 1,096 Shares of The TJX Companies, Inc. (NYSE:TJX)


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Indiana Trust & Investment Management CO lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,013 shares of the apparel and home fashions retailer’s stock after selling 1,096 shares during the quarter. The TJX Companies comprises about 1.0% of Indiana Trust & Investment Management CO’s investment portfolio, making the stock its 23rd biggest position. Indiana Trust & Investment Management CO’s holdings in The TJX Companies were worth $1,787,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in The TJX Companies by 2.0% in the 4th quarter. Bank of New York Mellon Corp now owns 31,479,045 shares of the apparel and home fashions retailer’s stock worth $2,149,704,000 after acquiring an additional 621,931 shares during the period. FMR LLC increased its holdings in shares of The TJX Companies by 19.6% during the 4th quarter. FMR LLC now owns 26,414,339 shares of the apparel and home fashions retailer’s stock worth $1,803,835,000 after purchasing an additional 4,330,736 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of The TJX Companies by 45.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,623,217 shares of the apparel and home fashions retailer’s stock worth $1,476,649,000 after purchasing an additional 6,706,718 shares during the period. Alecta Pensionsforsakring Omsesidigt increased its holdings in shares of The TJX Companies by 2.2% during the 4th quarter. Alecta Pensionsforsakring Omsesidigt now owns 16,877,265 shares of the apparel and home fashions retailer’s stock worth $1,153,224,000 after purchasing an additional 370,000 shares during the period. Finally, Jennison Associates LLC increased its holdings in shares of The TJX Companies by 152,536.5% during the 4th quarter. Jennison Associates LLC now owns 15,352,184 shares of the apparel and home fashions retailer’s stock worth $1,048,401,000 after purchasing an additional 15,342,126 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.

NYSE:TJX traded up $0.66 on Thursday, reaching $68.44. The stock had a trading volume of 86,624 shares, compared to its average volume of 6,926,477. The TJX Companies, Inc. has a 1-year low of $42.52 and a 1-year high of $71.06. The stock has a fifty day moving average price of $66.34 and a 200-day moving average price of $63.35. The company has a market capitalization of $82.17 billion, a P/E ratio of 112.97, a price-to-earnings-growth ratio of 14.77 and a beta of 0.93. The company has a quick ratio of 0.99, a current ratio of 1.41 and a debt-to-equity ratio of 0.98.

The TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, February 23rd. The apparel and home fashions retailer reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.12). The TJX Companies had a return on equity of 14.34% and a net margin of 2.24%. The company had revenue of $10.94 billion for the quarter, compared to analyst estimates of $11.42 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 0.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 3rd. Stockholders of record on Thursday, May 13th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.52%. The TJX Companies’s payout ratio is 38.95%.

Several research analysts have recently issued reports on TJX shares. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell downgraded shares of The TJX Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $73.00 to $69.00 in a report on Friday, December 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of The TJX Companies from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, February 25th. Smith Barney Citigroup downgraded shares of The TJX Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $73.00 to $69.00 in a report on Friday, December 11th. William Blair restated an “outperform” rating on shares of The TJX Companies in a report on Wednesday, March 24th. Finally, Gordon Haskett reissued a “hold” rating and issued a $68.00 target price (down previously from $76.00) on shares of The TJX Companies in a research note on Wednesday, March 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $69.20.

In other news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $66.78, for a total transaction of $100,170.00. Following the transaction, the director now directly owns 28,311 shares in the company, valued at $1,890,608.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

About The TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.

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Institutional Ownership by Quarter for The TJX Companies (NYSE:TJX)

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