Glenmede Trust Co. NA Has $136.67 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Glenmede Trust Co. NA increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,162,732 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,822 shares during the period. TJX Companies comprises approximately 0.7% of Glenmede Trust Co. NA’s holdings, making the stock its 29th largest holding. Glenmede Trust Co. NA owned approximately 0.10% of TJX Companies worth $136,668,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. PineStone Asset Management Inc. increased its holdings in shares of TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after purchasing an additional 3,132,960 shares in the last quarter. Ameriprise Financial Inc. boosted its position in TJX Companies by 33.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at $315,698,000. Los Angeles Capital Management LLC raised its position in shares of TJX Companies by 80.6% during the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after acquiring an additional 1,313,517 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of TJX Companies by 13,309.4% during the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after acquiring an additional 1,182,272 shares during the period. Institutional investors own 91.09% of the company’s stock.

Insider Activity

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

TJX Companies Trading Up 1.1 %

NYSE TJX opened at $126.18 on Wednesday. The stock’s 50 day moving average price is $116.79 and its two-hundred day moving average price is $112.88. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $126.44. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market capitalization of $142.31 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 3.07 and a beta of 0.89.

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. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed 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 is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Ratings Changes

Several analysts have weighed in on TJX shares. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Bank of America boosted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Barclays raised their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Robert W. Baird upped their target price 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. Finally, Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.