Wallington Asset Management LLC raised its stake in shares of TJX Companies Inc (NYSE:TJX) by 2.7% in the first quarter, Holdings Channel reports. The institutional investor owned 262,424 shares of the apparel and home fashions retailer’s stock after buying an additional 6,890 shares during the quarter. TJX Companies makes up about 3.6% of Wallington Asset Management LLC’s holdings, making the stock its 8th largest holding. Wallington Asset Management LLC’s holdings in TJX Companies were worth $13,964,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. Washington Trust Bank lifted its holdings in shares of TJX Companies by 2.1% in the 1st quarter. Washington Trust Bank now owns 9,246 shares of the apparel and home fashions retailer’s stock valued at $492,000 after acquiring an additional 190 shares during the last quarter. Glassman Wealth Services lifted its holdings in shares of TJX Companies by 9.7% in the 1st quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock valued at $114,000 after acquiring an additional 190 shares during the last quarter. HighPoint Advisor Group LLC lifted its holdings in shares of TJX Companies by 2.6% in the 1st quarter. HighPoint Advisor Group LLC now owns 8,544 shares of the apparel and home fashions retailer’s stock valued at $456,000 after acquiring an additional 220 shares during the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of TJX Companies by 1.3% in the 1st quarter. First Allied Advisory Services Inc. now owns 17,172 shares of the apparel and home fashions retailer’s stock valued at $912,000 after acquiring an additional 225 shares during the last quarter. Finally, Webster Bank N. A. lifted its holdings in shares of TJX Companies by 10.3% in the 1st quarter. Webster Bank N. A. now owns 2,446 shares of the apparel and home fashions retailer’s stock valued at $130,000 after acquiring an additional 228 shares during the last quarter. Institutional investors and hedge funds own 89.13% of the company’s stock.

A number of brokerages recently commented on TJX. Cowen set a $63.00 price target on shares of TJX Companies and gave the company a “buy” rating in a report on Tuesday, June 4th. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Friday, May 24th. MKM Partners increased their price target on shares of TJX Companies to $62.00 in a report on Thursday, May 23rd. Credit Suisse Group increased their price target on shares of TJX Companies from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, May 22nd. Finally, Nomura raised their price objective on shares of TJX Companies from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.46.

In other news, Director David T. Ching sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $52.20, for a total transaction of $1,044,000.00. Following the transaction, the director now directly owns 28,771 shares of the company’s stock, valued at $1,501,846.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard Sherr sold 1,480 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $51.35, for a total transaction of $75,998.00. Following the transaction, the executive vice president now directly owns 117,228 shares in the company, valued at $6,019,657.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,978 shares of company stock worth $7,001,230. Corporate insiders own 0.18% of the company’s stock.

NYSE TJX traded up $0.26 during trading on Friday, hitting $53.08. The stock had a trading volume of 122,584 shares, compared to its average volume of 6,802,858. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.23 and a quick ratio of 0.46. The company has a market cap of $64.05 billion, a P/E ratio of 25.17, a PEG ratio of 1.82 and a beta of 0.72. TJX Companies Inc has a one year low of $41.49 and a one year high of $56.64.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, May 21st. The apparel and home fashions retailer reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The business had revenue of $9.28 billion during the quarter, compared to the consensus estimate of $9.21 billion. TJX Companies had a net margin of 7.69% and a return on equity of 57.47%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 earnings per share. As a group, equities research analysts expect that TJX Companies Inc will post 2.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Wednesday, August 14th. TJX Companies’s dividend payout ratio (DPR) is presently 43.60%.

TJX Companies declared that its Board of Directors has approved a share buyback program on Wednesday, February 27th that authorizes the company to buyback $2.25 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to repurchase up to 3.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

ILLEGAL ACTIVITY WARNING: “Wallington Asset Management LLC Buys 6,890 Shares of TJX Companies Inc (NYSE:TJX)” was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/wallington-asset-management-llc-buys-6890-shares-of-tjx-companies-inc-nysetjx/3041680.html.

TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

Featured Article: How to Profit and Limit Losses With Stop Orders

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TJX Companies Inc (NYSE:TJX).

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.