Independence Bank of Kentucky Purchases 1,177 Shares of The TJX Companies, Inc. (NYSE:TJX)

Independence Bank of Kentucky boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 19,175 shares of the apparel and home fashions retailer’s stock after buying an additional 1,177 shares during the quarter. Independence Bank of Kentucky’s holdings in TJX Companies were worth $2,254,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC lifted its stake in shares of TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares during the last quarter. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the 2nd quarter worth about $25,000. OFI Invest Asset Management acquired a new stake in shares of TJX Companies during the 1st quarter worth about $30,000. AlphaMark Advisors LLC lifted its stake in shares of TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares during the last quarter. Finally, New Millennium Group LLC acquired a new stake in shares of TJX Companies during the 2nd quarter worth about $34,000. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TJX shares. UBS Group raised their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Jefferies Financial Group raised their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. TD Cowen raised their price target on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. BMO Capital Markets raised their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley raised their price target on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Price Performance

TJX stock traded down $0.04 during mid-day trading on Friday, hitting $112.55. The stock had a trading volume of 310,403 shares, compared to its average volume of 5,293,019. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 52 week low of $86.92 and a 52 week high of $121.13. The firm has a market capitalization of $126.94 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.88 and a beta of 0.89. The firm has a fifty day simple moving average of $115.63 and a 200 day simple moving average of $107.93.

TJX Companies (NYSE:TJX) last announced 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 analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

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.