The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Provident Trust Co.

Provident Trust Co. raised its position in The TJX Companies, Inc. (NYSE:TJX) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,589,663 shares of the apparel and home fashions retailer’s stock after purchasing an additional 18,449 shares during the period. TJX Companies accounts for 3.4% of Provident Trust Co.’s investment portfolio, making the stock its 14th largest holding. Provident Trust Co. owned approximately 0.14% of TJX Companies worth $186,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Norden Group LLC purchased a new stake in TJX Companies during the first quarter worth approximately $289,000. Empowered Funds LLC lifted its stake in TJX Companies by 57.0% in the first quarter. Empowered Funds LLC now owns 31,001 shares of the apparel and home fashions retailer’s stock valued at $3,144,000 after buying an additional 11,260 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of TJX Companies by 8.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,099 shares of the apparel and home fashions retailer’s stock valued at $416,000 after acquiring an additional 317 shares during the period. Primoris Wealth Advisors LLC grew its position in shares of TJX Companies by 13.6% during the first quarter. Primoris Wealth Advisors LLC now owns 12,500 shares of the apparel and home fashions retailer’s stock worth $1,268,000 after acquiring an additional 1,500 shares during the last quarter. Finally, BCGM Wealth Management LLC increased its holdings in shares of TJX Companies by 2.8% in the 1st quarter. BCGM Wealth Management LLC now owns 16,383 shares of the apparel and home fashions retailer’s stock valued at $1,662,000 after acquiring an additional 442 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.9 %

Shares of NYSE TJX opened at $117.88 on Friday. The stock has a market capitalization of $132.95 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 2.92 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $121.13. The firm has a 50-day moving average price of $116.07 and a 200 day moving average price of $110.60. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last posted 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 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 net margin of 8.56% and a return on equity of 63.19%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of several research reports. Robert W. Baird raised their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Barclays raised their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. UBS Group boosted their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Bank of America increased their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI upped their price target on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.