Lincluden Management Ltd. Has $3.01 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Lincluden Management Ltd. increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,588 shares of the apparel and home fashions retailer’s stock after buying an additional 324 shares during the quarter. Lincluden Management Ltd.’s holdings in TJX Companies were worth $3,008,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the 2nd quarter valued at $25,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the 3rd quarter valued at $30,000. New Millennium Group LLC bought a new stake in TJX Companies in the 2nd quarter valued at $34,000. Northwest Investment Counselors LLC bought a new position in TJX Companies during the 3rd quarter worth $37,000. Finally, Anfield Capital Management LLC bought a new position in TJX Companies during the 2nd quarter worth $37,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $113.06 on Friday. The TJX Companies, Inc. has a 1 year low of $87.22 and a 1 year high of $121.13. 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 company has a market capitalization of $127.52 billion, a price-to-earnings ratio of 27.31, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89. The business has a 50-day moving average of $116.56 and a 200-day moving average of $109.70.

TJX Companies (NYSE:TJX) last issued 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 company had revenue of $13.47 billion during 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 firm’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.33%. TJX Companies’s dividend payout ratio is 36.23%.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the business’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 transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on TJX. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Barclays increased 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. Evercore ISI increased their price objective on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Finally, Loop Capital increased their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.