Investment Management Corp of Ontario Buys 51,189 Shares of The TJX Companies, Inc. (NYSE:TJX)

Investment Management Corp of Ontario raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 201.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 76,540 shares of the apparel and home fashions retailer’s stock after acquiring an additional 51,189 shares during the quarter. Investment Management Corp of Ontario’s holdings in TJX Companies were worth $8,997,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. First Trust Direct Indexing L.P. increased its stake in TJX Companies by 12.4% in the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after acquiring an additional 5,207 shares during the last quarter. Swedbank AB lifted its stake in shares of TJX Companies by 45.9% during the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock valued at $114,722,000 after buying an additional 327,684 shares in the last quarter. EP Wealth Advisors LLC increased its position in TJX Companies by 229.8% in the second quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock worth $24,387,000 after purchasing an additional 154,342 shares during the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new position in TJX Companies during the 2nd quarter valued at $2,310,000. Finally, Transform Wealth LLC lifted its position in shares of TJX Companies by 10.2% in the 3rd quarter. Transform Wealth LLC now owns 92,705 shares of the apparel and home fashions retailer’s stock worth $10,897,000 after purchasing an additional 8,553 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.2 %

TJX stock opened at $126.49 on Tuesday. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $128.00. The company has a market cap of $142.66 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The business’s 50-day simple moving average is $117.29 and its 200 day simple moving average is $113.46. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s payout ratio is 35.29%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction 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 owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on TJX. UBS Group boosted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday. Evercore ISI raised their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Bank of America boosted their price objective on TJX Companies from $115.00 to $135.00 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 fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.47.

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.