Rossmore Private Capital Buys 180 Shares of The TJX Companies, Inc. (NYSE:TJX)

Rossmore Private Capital raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,021 shares of the apparel and home fashions retailer’s stock after buying 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.

Several other institutional investors and hedge funds have also recently made changes to their positions in TJX. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the second quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies in the third quarter worth $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies during the third quarter valued at about $30,000. New Millennium Group LLC bought a new position in shares of TJX Companies during the second quarter valued at about $34,000. Finally, Anfield Capital Management LLC purchased a new position in shares of TJX Companies in the second quarter worth about $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 1.5 %

NYSE:TJX opened at $119.85 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm’s 50-day moving average price is $116.13 and its 200-day moving average price is $111.14. The company has a market capitalization of $135.18 billion, a PE ratio of 28.95, a P/E/G ratio of 2.99 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $121.13.

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

TJX Companies Dividend Announcement

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

Insider Buying and Selling at TJX Companies

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

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent research reports. Telsey Advisory Group restated an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a research report on Wednesday, August 21st. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. BMO Capital Markets increased their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Morgan Stanley boosted their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

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.