Tompkins Financial Corp Buys 271 Shares of The TJX Companies, Inc. (NYSE:TJX)

Tompkins Financial Corp lifted its stake in The TJX Companies, Inc. (NYSE:TJXFree Report) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,863 shares of the apparel and home fashions retailer’s stock after acquiring an additional 271 shares during the period. TJX Companies makes up about 1.1% of Tompkins Financial Corp’s holdings, making the stock its 27th largest holding. Tompkins Financial Corp’s holdings in TJX Companies were worth $9,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in TJX. Loomis Sayles & Co. L P boosted its holdings in shares of TJX Companies by 79.3% in the third quarter. Loomis Sayles & Co. L P now owns 4,396 shares of the apparel and home fashions retailer’s stock worth $391,000 after acquiring an additional 1,944 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of TJX Companies by 11.8% in the third quarter. Kestra Advisory Services LLC now owns 58,087 shares of the apparel and home fashions retailer’s stock worth $5,163,000 after acquiring an additional 6,123 shares during the period. Rafferty Asset Management LLC boosted its stake in TJX Companies by 3.6% during the third quarter. Rafferty Asset Management LLC now owns 98,887 shares of the apparel and home fashions retailer’s stock valued at $8,789,000 after buying an additional 3,428 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in TJX Companies during the third quarter valued at $8,327,000. Finally, Envestnet Asset Management Inc. boosted its stake in TJX Companies by 53.9% during the third quarter. Envestnet Asset Management Inc. now owns 2,615,588 shares of the apparel and home fashions retailer’s stock valued at $232,473,000 after buying an additional 915,556 shares during the period. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on TJX Companies from $109.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research note on Tuesday, May 21st. BMO Capital Markets lifted their price objective on TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Telsey Advisory Group lifted their price target on TJX Companies from $112.00 to $115.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. Finally, UBS Group lifted their price target on TJX Companies from $132.00 to $134.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.37.

Get Our Latest Research Report on TJX Companies

Insider Buying and Selling

In related news, EVP Louise Greenlees sold 8,171 shares of the company’s 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 sale, the executive vice president now owns 49,570 shares in the company, valued at approximately $5,042,756.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other TJX Companies news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the sale, the executive vice president now directly owns 49,570 shares in the company, valued at approximately $5,042,756.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The disclosure for this sale can be found here. Insiders have sold 70,003 shares of company stock worth $7,040,541 in the last 90 days. Insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.0 %

TJX traded up $0.04 during midday trading on Wednesday, reaching $110.26. 4,869,143 shares of the company’s stock traded hands, compared to its average volume of 7,229,075. The firm has a fifty day moving average of $100.11 and a two-hundred day moving average of $97.21. The stock has a market capitalization of $124.61 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 2.95 and a beta of 0.87. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.23 and a quick ratio of 0.61. The TJX Companies, Inc. has a 52 week low of $80.15 and a 52 week high of $110.71.

TJX Companies (NYSE:TJXGet Free Report) last announced its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.09 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Thursday, August 15th will be paid a $0.375 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.50 annualized dividend and a dividend yield of 1.36%. TJX Companies’s payout ratio is currently 37.22%.

TJX Companies declared that its board has initiated a share buyback program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

About TJX Companies

(Free Report)

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.

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

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