Foster & Motley Inc. Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Foster & Motley Inc. raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.2% during the third quarter, HoldingsChannel.com reports. The firm owned 19,065 shares of the apparel and home fashions retailer’s stock after buying an additional 407 shares during the period. Foster & Motley Inc.’s holdings in TJX Companies were worth $2,241,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies during the second quarter valued at approximately $25,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies during the third quarter valued at approximately $30,000. New Millennium Group LLC acquired a new stake in shares of TJX Companies during the 2nd quarter worth approximately $34,000. Anfield Capital Management LLC bought a new stake in shares of TJX Companies in the 2nd quarter worth approximately $37,000. Finally, Northwest Investment Counselors LLC acquired a new position in TJX Companies during the 3rd quarter valued at approximately $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

TJX has been the topic of a number of analyst reports. Loop Capital increased their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Citigroup downgraded 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 research report on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Finally, Bank of America boosted 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 given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $115.63 on Thursday. The company has a market capitalization of $130.42 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The stock has a fifty day moving average of $116.07 and a 200-day moving average of $110.39. The TJX Companies, Inc. has a one year low of $87.26 and a one year high of $121.13.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the previous year, the company earned $0.85 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is 36.23%.

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.