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

Hemenway Trust Co LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,869 shares of the apparel and home fashions retailer’s stock after acquiring an additional 810 shares during the quarter. TJX Companies comprises approximately 3.0% of Hemenway Trust Co LLC’s holdings, making the stock its 14th biggest holding. Hemenway Trust Co LLC’s holdings in TJX Companies were worth $37,480,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TJX. Savvy Advisors Inc. purchased a new stake in shares of TJX Companies in the third quarter worth about $339,000. Ashton Thomas Private Wealth LLC lifted its position in TJX Companies by 30.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 10,081 shares of the apparel and home fashions retailer’s stock worth $1,185,000 after acquiring an additional 2,355 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in TJX Companies by 1.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,636,516 shares of the apparel and home fashions retailer’s stock worth $309,896,000 after acquiring an additional 26,403 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its position in TJX Companies by 266.3% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 87,785 shares of the apparel and home fashions retailer’s stock valued at $10,309,000 after acquiring an additional 63,818 shares in the last quarter. Finally, FDx Advisors Inc. raised its stake in shares of TJX Companies by 5.1% during the third quarter. FDx Advisors Inc. now owns 2,842 shares of the apparel and home fashions retailer’s stock valued at $334,000 after purchasing an additional 137 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.6 %

Shares of TJX Companies stock traded up $0.69 on Tuesday, hitting $118.75. 176,128 shares of the company traded hands, compared to its average volume of 5,214,037. The company has a market cap of $133.93 billion, a PE ratio of 28.52, a PEG ratio of 2.98 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $87.26 and a 12-month high of $121.13. 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 company has a 50-day moving average price of $116.09 and a 200 day moving average price of $110.97.

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, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS. Sell-side analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The business 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is 36.23%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TJX shares. Evercore ISI upped their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Barclays raised their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. BMO Capital Markets upped their target price on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a research report on Wednesday, August 21st. Finally, Loop Capital upped their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

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.