The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 13.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,007 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,567 shares during the period. Summit Trail Advisors LLC’s holdings in TJX Companies were worth $2,587,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Richard W. Paul & Associates LLC purchased a new position in TJX Companies in the second quarter valued at $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies in the third quarter valued at $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies during the third quarter worth about $30,000. New Millennium Group LLC purchased a new position in shares of TJX Companies during the second quarter worth about $34,000. Finally, Anfield Capital Management LLC purchased a new position in shares of TJX Companies during the second quarter worth about $37,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 1.4 %

Shares of NYSE TJX opened at $121.47 on Monday. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $122.10. The company has a market cap of $137.00 billion, a P/E ratio of 28.58, a P/E/G ratio of 2.99 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $116.52 and a 200 day moving average price of $112.51.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.23%. TJX Companies’s dividend payout ratio is currently 35.29%.

Insider Activity at TJX Companies

In other 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 transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on TJX. Evercore ISI increased their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group upped their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company upped their target price on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

About 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.