Union Savings Bank Trims Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Union Savings Bank decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 9.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,139 shares of the apparel and home fashions retailer’s stock after selling 1,109 shares during the period. TJX Companies makes up about 0.7% of Union Savings Bank’s portfolio, making the stock its 26th biggest holding. Union Savings Bank’s holdings in TJX Companies were worth $1,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First American Bank grew its position in TJX Companies by 1.0% during the 1st quarter. First American Bank now owns 132,919 shares of the apparel and home fashions retailer’s stock worth $16,190,000 after purchasing an additional 1,315 shares during the period. Canton Hathaway LLC acquired a new stake in shares of TJX Companies during the 1st quarter valued at about $609,000. Suncoast Equity Management grew its position in shares of TJX Companies by 3.9% during the 1st quarter. Suncoast Equity Management now owns 37,957 shares of the apparel and home fashions retailer’s stock valued at $4,623,000 after acquiring an additional 1,437 shares during the period. Monte Financial Group LLC grew its position in shares of TJX Companies by 3.4% during the 1st quarter. Monte Financial Group LLC now owns 8,825 shares of the apparel and home fashions retailer’s stock valued at $1,126,000 after acquiring an additional 287 shares during the period. Finally, Aspire Private Capital LLC grew its position in shares of TJX Companies by 28.0% during the 1st quarter. Aspire Private Capital LLC now owns 8,192 shares of the apparel and home fashions retailer’s stock valued at $998,000 after acquiring an additional 1,790 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.7%

TJX Companies stock opened at $123.35 on Friday. The stock has a market cap of $137.80 billion, a PE ratio of 29.02, a P/E/G ratio of 2.90 and a beta of 0.90. The stock has a 50-day moving average price of $127.66 and a 200 day moving average price of $124.11. The TJX Companies, Inc. has a 52 week low of $107.71 and a 52 week high of $135.85. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to analysts’ expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s dividend payout ratio (DPR) is 40.00%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director now owns 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. TD Securities lifted their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Tuesday, May 20th. UBS Group restated a “buy” rating and set a $164.00 target price (up from $154.00) on shares of TJX Companies in a report on Thursday, May 22nd. Cowen restated a “buy” rating on shares of TJX Companies in a report on Tuesday, May 20th. Loop Capital set a $150.00 target price on TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 22nd. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of TJX Companies in a report on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.53.

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.