New Covenant Trust Company N.A. Takes $122,000 Position in The TJX Companies, Inc. (NYSE:TJX)

New Covenant Trust Company N.A. purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,200 shares of the apparel and home fashions retailer’s stock, valued at approximately $122,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Running Oak Capital LLC grew its holdings in TJX Companies by 10.9% during the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after purchasing an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board boosted its position 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 acquiring an additional 9,500 shares during the last quarter. Options Solutions LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $726,000. Advisors Capital Management LLC lifted its holdings in TJX Companies by 3.7% during the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock valued at $58,045,000 after purchasing an additional 20,629 shares during the last quarter. Finally, Ethos Financial Group LLC bought a new position in TJX Companies during the 4th quarter worth $269,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the transaction, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now directly owns 23,470 shares in the company, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,003 shares of company stock worth $5,060,941. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX traded up $0.64 during trading hours on Thursday, hitting $113.66. 2,962,139 shares of the company traded hands, compared to its average volume of 5,374,501. The TJX Companies, Inc. has a twelve month low of $85.27 and a twelve month high of $115.35. The stock has a market capitalization of $128.45 billion, a price-to-earnings ratio of 28.20, a P/E/G ratio of 3.03 and a beta of 0.88. 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 50-day moving average of $109.81 and a 200 day moving average of $101.57.

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

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Thursday, August 15th. TJX Companies’s dividend payout ratio is presently 37.22%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Robert W. Baird lifted their price target on TJX Companies from $110.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research report on Tuesday, May 21st. Sanford C. Bernstein upped their price target on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Finally, Loop Capital increased their target price on TJX Companies from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.67.

About TJX Companies

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.