Coastline Trust Co Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Coastline Trust Co boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,980 shares of the apparel and home fashions retailer’s stock after buying an additional 1,240 shares during the period. Coastline Trust Co’s holdings in TJX Companies were worth $4,699,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TJX. First Trust Direct Indexing L.P. grew its stake in shares of 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 buying an additional 5,207 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in TJX Companies by 9.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock worth $13,874,000 after purchasing an additional 11,447 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares in the last quarter. Swedbank AB boosted its stake in shares of TJX Companies by 45.9% in the second quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock valued at $114,722,000 after purchasing an additional 327,684 shares during the period. Finally, UniSuper Management Pty Ltd grew its holdings in shares of TJX Companies by 176.6% in the first quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer’s stock valued at $2,565,000 after purchasing an additional 16,148 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’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 owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $119.98 on Friday. 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 TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $122.10. The company has a market cap of $135.32 billion, a P/E ratio of 28.98, a PEG ratio of 3.03 and a beta of 0.89. The company has a 50-day moving average price of $116.33 and a 200 day moving average price of $111.44.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter last year, the company earned $0.85 earnings per share. TJX Companies’s quarterly revenue was up 5.6% compared to the same quarter last year. Research analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend yield of 1.25%. TJX Companies’s payout ratio is 36.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Wednesday. Bank of America lifted their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Loop Capital upped their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, Robert W. Baird lifted their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.41.

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.