Rossmore Private Capital Has $2 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Rossmore Private Capital increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,021 shares of the apparel and home fashions retailer’s stock after purchasing an additional 180 shares during the period. Rossmore Private Capital’s holdings in TJX Companies were worth $2,001,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies during the 2nd quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies in the third quarter valued at $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies during the third quarter valued at about $30,000. New Millennium Group LLC bought a new stake in shares of TJX Companies during the second quarter worth about $34,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of TJX Companies in the 3rd quarter worth about $37,000. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wells Fargo & Company boosted their price objective on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Evercore ISI increased their price target on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Bank of America lifted their price objective 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. Jefferies Financial Group increased their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Stock Up 1.5 %

TJX stock opened at $119.85 on Wednesday. The stock has a fifty day moving average of $116.13 and a 200-day moving average of $111.14. The TJX Companies, Inc. has a fifty-two week low of $87.26 and a fifty-two week high of $121.13. The company has a market capitalization of $135.18 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 2.99 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.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.85 earnings per share. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Activity at TJX Companies

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

TJX Companies Company 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.