Suncoast Equity Management Increases Holdings in The TJX Companies, Inc. (NYSE:TJX)

Suncoast Equity Management increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 35,754 shares of the apparel and home fashions retailer’s stock after acquiring an additional 320 shares during the period. TJX Companies accounts for approximately 0.5% of Suncoast Equity Management’s holdings, making the stock its 25th largest holding. Suncoast Equity Management’s holdings in TJX Companies were worth $4,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC lifted its position in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares during the last quarter. New Millennium Group LLC bought a new stake in TJX Companies in the second quarter worth $34,000. OFI Invest Asset Management purchased a new position in TJX Companies during the first quarter worth $30,000. Finally, AlphaMark Advisors LLC increased its position in TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by insiders.

TJX Companies Stock Down 2.2 %

Shares of NYSE:TJX traded down $2.61 during trading hours on Monday, hitting $115.10. The company’s stock had a trading volume of 2,132,536 shares, compared to its average volume of 5,278,798. The firm’s fifty day moving average price is $116.40 and its 200 day moving average price is $108.74. The TJX Companies, Inc. has a 52 week low of $86.92 and a 52 week high of $121.13. The company has a market capitalization of $129.82 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 2.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

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

TJX Companies Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently commented on TJX shares. Loop Capital lifted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI upped their target price on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Bank of America upped their price objective on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Company 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.