The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 12,316 shares of the apparel and home fashions retailer’s stock after buying an additional 190 shares during the quarter. Orrstown Financial Services Inc.’s holdings in TJX Companies were worth $1,500,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $2,138,000. Golden State Wealth Management LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $283,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in TJX Companies in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Barclays restated an “overweight” rating and set a $147.00 price objective (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Telsey Advisory Group restated an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. TD Securities boosted 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. Finally, Morgan Stanley set a $140.00 price objective on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $141.53.

TJX Companies Trading Up 0.9%

NYSE:TJX opened at $128.55 on Friday. The stock’s 50 day moving average price is $127.63 and its 200 day moving average price is $124.14. The TJX Companies, Inc. has a 52 week low of $106.18 and a 52 week high of $135.85. The company has a market capitalization of $143.60 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter last year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 15th were given a $0.425 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, May 15th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.32%. TJX Companies’s dividend payout ratio (DPR) is currently 40.00%.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director now owns 22,712 shares in the company, valued at approximately $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

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.