Bank of New Hampshire Decreases Stake in The TJX Companies, Inc. (NYSE:TJX)

Bank of New Hampshire reduced its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,174 shares of the apparel and home fashions retailer’s stock after selling 927 shares during the period. TJX Companies comprises 1.7% of Bank of New Hampshire’s investment portfolio, making the stock its 12th largest position. Bank of New Hampshire’s holdings in TJX Companies were worth $6,355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Shell Asset Management Co. increased its stake in shares of TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer’s stock valued at $3,524,000 after buying an additional 4,128 shares during the period. Pathstone Holdings LLC increased its stake in shares of TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer’s stock valued at $88,992,000 after buying an additional 67,853 shares during the period. Ethic Inc. increased its stake in shares of TJX Companies by 21.1% during the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after buying an additional 29,158 shares during the period. Fiduciary Trust Co increased its stake in shares of TJX Companies by 5.2% during the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after buying an additional 144,113 shares during the period. Finally, Congress Asset Management Co. increased its stake in shares of TJX Companies by 1.1% during the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after buying an additional 13,036 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TJX shares. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 21st. Cowen reissued a “buy” rating on shares of TJX Companies in a research note on Tuesday, May 20th. Wells Fargo & Company reissued an “equal weight” rating on shares of TJX Companies in a research note on Wednesday, May 21st. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Barclays restated an “overweight” rating and set a $147.00 price target (up from $137.00) on shares of TJX Companies in a research report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $141.53.

TJX Companies Trading Up 0.9%

TJX Companies stock opened at $128.55 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $127.63 and its two-hundred day simple moving average is $124.14. The TJX Companies, Inc. has a 12 month low of $106.18 and a 12 month high of $135.85. The company has a market capitalization of $143.60 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 2.75 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 15th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.32%. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, May 15th. TJX Companies’s payout ratio is 40.00%.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director now directly owns 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

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.