Tompkins Financial Corp Has $11.40 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Tompkins Financial Corp raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.8% during the third quarter, HoldingsChannel.com reports. The fund owned 96,992 shares of the apparel and home fashions retailer’s stock after buying an additional 747 shares during the quarter. TJX Companies accounts for about 1.1% of Tompkins Financial Corp’s holdings, making the stock its 26th biggest position. Tompkins Financial Corp’s holdings in TJX Companies were worth $11,400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Richard W. Paul & Associates LLC acquired a new position in TJX Companies in the second quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the third quarter worth $30,000. New Millennium Group LLC bought a new stake in TJX Companies in the second quarter valued at $34,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of TJX Companies during the 3rd quarter worth about $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX stock traded up $0.98 during midday trading on Friday, reaching $117.83. 5,785,802 shares of the company’s stock traded hands, compared to its average volume of 5,245,326. The company has a 50-day moving average price of $116.07 and a two-hundred day moving average price of $110.60. The firm has a market capitalization of $132.90 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 2.92 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $121.13.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is presently 36.23%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Morgan Stanley upped their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Loop Capital increased their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Barclays boosted their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Finally, Bank of America upped their target price on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.