Washington Trust Bank lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,034 shares of the apparel and home fashions retailer's stock after buying an additional 4,206 shares during the quarter. TJX Companies comprises approximately 1.8% of Washington Trust Bank's holdings, making the stock its 16th biggest position. Washington Trust Bank's holdings in TJX Companies were worth $17,665,000 as of its most recent filing with the Securities and Exchange Commission.\n\nSeveral other hedge funds and other institutional investors have also made changes to their positions in the company. Shell Asset Management Co. boosted its position in 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 worth $3,524,000 after purchasing an additional 4,128 shares during the period. Pathstone Holdings LLC boosted its position in 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 worth $88,992,000 after purchasing an additional 67,853 shares during the period. Ethic Inc. boosted its position in 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 worth $20,196,000 after purchasing an additional 29,158 shares during the period. Fiduciary Trust Co boosted its position in 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 worth $349,284,000 after purchasing an additional 144,113 shares during the period. Finally, Pinnacle Financial Partners Inc boosted its position in TJX Companies by 2.2% during the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after purchasing an additional 8,319 shares during the period.\n\n91.09% of the stock is owned by institutional investors. In other news, Director sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, 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 document filed with the SEC.\n\nCompany insiders own 0.13% of the company's stock. A number of research firms have commented on TJX. Cowen reaffirmed a 'buy' rating on shares of TJX Companies in a research report on Tuesday, May 20th. TD Securities lifted their target price on TJX Companies from $140.00 to $142.00 and gave the stock a 'buy' rating in a report on Tuesday, May 20th. BMO Capital Markets reissued an 'outperform' rating on shares of TJX Companies in a report on Wednesday, May 21st. Robert W. Baird boosted their price target on TJX Companies from $140.00 to $143.00 and gave the company an 'outperform' rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Co reaffirmed an 'equal weight' rating on shares of TJX Companies in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of 'Moderate Buy' and a consensus target price of $141.06.\n\nTJX Companies Price Performance Shares of traded up $0.16 during trading hours on Tuesday, reaching $125.33. The stock had a trading volume of 5,632,354 shares, compared to its average volume of 5,198,965. The TJX Companies, Inc. has a 12 month low of $107.71 and a 12 month high of $135.85. The stock has a market capitalization of $140.01 billion, a PE ratio of 29.49, a PEG ratio of 2.92 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The company's 50-day moving average is $127.12 and its two-hundred day moving average is $124.09.\n\nTJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion for 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 business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 earnings per share. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.\n\nTJX Companies Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is currently 40.00%.\n\nAbout 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.

Washington Trust Bank Buys 4,206 Shares of The TJX Companies, Inc. (NYSE:TJX)

Washington Trust Bank increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.0% in Q1 2025, owning 145,034 shares worth $17.665 million. Other institutional investors like Shell Asset Management, Pathstone Holdings LLC, and Ethic Inc. also boosted their positions. A director sold 950 shares, reducing their ownership. TJX reported Q1 earnings of $0.92 per share, exceeding expectations, with revenue of $13.11 billion. The company announced a $0.425 quarterly dividend with a 1.36% yield.