The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,358 shares of the apparel and home fashions retailer’s stock after purchasing an additional 494 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in TJX Companies were worth $2,628,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UniSuper Management Pty Ltd boosted its stake in shares of TJX Companies by 176.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer’s stock worth $2,565,000 after acquiring an additional 16,148 shares in the last quarter. Bessemer Group Inc. raised its holdings in TJX Companies by 61.5% during the first quarter. Bessemer Group Inc. now owns 90,369 shares of the apparel and home fashions retailer’s stock worth $9,167,000 after purchasing an additional 34,426 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in TJX Companies by 29.7% during the first quarter. Lake Street Advisors Group LLC now owns 12,059 shares of the apparel and home fashions retailer’s stock worth $1,223,000 after purchasing an additional 2,764 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in TJX Companies by 137.6% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 213,373 shares of the apparel and home fashions retailer’s stock valued at $21,640,000 after purchasing an additional 123,566 shares during the last quarter. Finally, Pitcairn Co. increased its position in shares of TJX Companies by 17.1% in the first quarter. Pitcairn Co. now owns 14,763 shares of the apparel and home fashions retailer’s stock valued at $1,497,000 after buying an additional 2,156 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TJX shares. Wells Fargo & Company increased their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Robert W. Baird increased their price target 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. Loop Capital lifted their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and increased their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, Bank of America raised their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $127.41.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated 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 owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

TJX Companies Stock Down 0.3 %

Shares of NYSE TJX opened at $119.67 on Tuesday. The stock has a market capitalization of $134.97 billion, a PE ratio of 28.91, a P/E/G ratio of 3.04 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $116.38 and a 200-day moving average of $111.86. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $122.10.

TJX Companies (NYSE:TJX) last issued 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 firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. On average, analysts anticipate that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

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

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.