Diversified Trust Co Has $2 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Diversified Trust Co decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,130 shares of the apparel and home fashions retailer’s stock after selling 1,384 shares during the quarter. Diversified Trust Co’s holdings in TJX Companies were worth $1,996,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC lifted its stake in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares during the last quarter. Frazier Financial Advisors LLC bought a new stake in shares of TJX Companies in the 4th quarter valued at about $27,000. First Pacific Financial acquired a new stake in TJX Companies in the 1st quarter valued at about $29,000. OFI Invest Asset Management bought a new position in TJX Companies during the first quarter worth about $30,000. Finally, AlphaMark Advisors LLC increased its position in TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Sanford C. Bernstein lifted their target price on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Robert W. Baird lifted their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Telsey Advisory Group lifted their target price on TJX Companies from $115.00 to $128.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays boosted their price target on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Finally, TD Cowen boosted their price target on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.39.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the 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 owns 49,570 shares in the company, valued at $5,042,756.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the transaction, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the 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 completion of the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,003 shares of company stock worth $5,060,941. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $1.39 during trading on Wednesday, reaching $109.65. 969,298 shares of the company’s stock were exchanged, compared to its average volume of 5,348,472. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The TJX Companies, Inc. has a 1-year low of $85.44 and a 1-year high of $115.35. The company has a market cap of $123.92 billion, a P/E ratio of 27.55, a PEG ratio of 2.95 and a beta of 0.88. The firm’s 50-day moving average price is $110.96 and its 200 day moving average price is $102.51.

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, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.11 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.37%. TJX Companies’s dividend payout ratio (DPR) is presently 37.22%.

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.