Tobam Purchases 426 Shares of The TJX Companies, Inc. (NYSE:TJX)

Tobam grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 11.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,182 shares of the apparel and home fashions retailer’s stock after purchasing an additional 426 shares during the quarter. Tobam’s holdings in TJX Companies were worth $492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Strategic Advisors LLC purchased a new stake in TJX Companies during the third quarter valued at approximately $204,000. Brendel Financial Advisors LLC grew its position in shares of TJX Companies by 2.6% during the 3rd quarter. Brendel Financial Advisors LLC now owns 17,537 shares of the apparel and home fashions retailer’s stock valued at $2,061,000 after acquiring an additional 450 shares during the period. Quotient Wealth Partners LLC increased its stake in shares of TJX Companies by 5.6% in the 3rd quarter. Quotient Wealth Partners LLC now owns 6,439 shares of the apparel and home fashions retailer’s stock worth $757,000 after purchasing an additional 340 shares in the last quarter. SS&H Financial Advisors Inc. raised its holdings in TJX Companies by 1.8% in the 3rd quarter. SS&H Financial Advisors Inc. now owns 9,147 shares of the apparel and home fashions retailer’s stock worth $1,075,000 after purchasing an additional 163 shares during the period. Finally, UMB Bank n.a. raised its holdings in TJX Companies by 11.1% in the 3rd quarter. UMB Bank n.a. now owns 438,062 shares of the apparel and home fashions retailer’s stock worth $51,490,000 after purchasing an additional 43,775 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Loop Capital upped their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. BMO Capital Markets lifted their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Jefferies Financial Group upped their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Robert W. Baird raised their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Trading Down 1.2 %

Shares of TJX stock opened at $112.59 on Friday. 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 stock has a market capitalization of $126.99 billion, a price-to-earnings ratio of 27.20, a price-to-earnings-growth ratio of 2.88 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $86.92 and a 12-month high of $121.13. The stock’s 50-day moving average price is $115.65 and its 200-day moving average price is $107.89.

TJX Companies (NYSE:TJX) last released 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 business 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 company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.33%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

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.