Howe & Rusling Inc. Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

Howe & Rusling Inc. grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,202 shares of the apparel and home fashions retailer’s stock after buying an additional 3,690 shares during the period. TJX Companies accounts for approximately 1.2% of Howe & Rusling Inc.’s holdings, making the stock its 23rd biggest position. Howe & Rusling Inc.’s holdings in TJX Companies were worth $14,128,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the second quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the third quarter worth about $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies during the third quarter valued at approximately $30,000. New Millennium Group LLC bought a new stake in 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 2nd quarter worth approximately $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.1 %

NYSE:TJX opened at $119.57 on Wednesday. The firm has a market capitalization of $134.86 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10. The business’s fifty day moving average price is $116.42 and its 200 day moving average price is $112.04. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

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

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

Analysts Set New Price Targets

TJX has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Wednesday, November 13th. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Barclays boosted their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, TD Cowen boosted their target price on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by company 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.