The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Equitable Trust Co.

Equitable Trust Co. increased its position in The TJX Companies, Inc. (NYSE:TJX) by 175.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,771 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,317 shares during the period. Equitable Trust Co.’s holdings in TJX Companies were worth $796,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Leavell Investment Management Inc. acquired a new position in TJX Companies in the third quarter worth about $403,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter worth about $29,000. Stiles Financial Services Inc grew its stake in TJX Companies by 4.0% in the third quarter. Stiles Financial Services Inc now owns 26,861 shares of the apparel and home fashions retailer’s stock worth $3,158,000 after purchasing an additional 1,032 shares in the last quarter. AIA Group Ltd grew its stake in TJX Companies by 2.2% in the third quarter. AIA Group Ltd now owns 17,668 shares of the apparel and home fashions retailer’s stock worth $2,077,000 after purchasing an additional 376 shares in the last quarter. Finally, Lewis Asset Management LLC grew its stake in TJX Companies by 12.7% in the third quarter. Lewis Asset Management LLC now owns 4,690 shares of the apparel and home fashions retailer’s stock worth $551,000 after purchasing an additional 528 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $117.83 on Friday. The TJX Companies, Inc. has a 12 month low of $87.26 and a 12 month high of $121.13. The stock has a market cap of $132.90 billion, a price-to-earnings ratio of 28.46, a PEG ratio of 2.92 and a beta of 0.89. The stock’s 50 day moving average price is $116.07 and its 200 day moving average price is $110.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 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, December 5th. Shareholders 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 dividend yield of 1.27%. TJX Companies’s dividend payout ratio is currently 36.23%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TJX has been the subject of a number of research reports. Morgan Stanley lifted their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Loop Capital boosted their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. UBS Group boosted their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Barclays boosted their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, TD Cowen boosted their price objective on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.76.

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.