The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by SouthState Corp

SouthState Corp increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 194,491 shares of the apparel and home fashions retailer’s stock after buying an additional 3,095 shares during the quarter. TJX Companies makes up 1.6% of SouthState Corp’s portfolio, making the stock its 14th largest position. SouthState Corp’s holdings in TJX Companies were worth $22,860,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TJX. Fifth Third Wealth Advisors LLC raised its holdings in TJX Companies by 2.3% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 22,358 shares of the apparel and home fashions retailer’s stock valued at $2,628,000 after acquiring an additional 494 shares during the last quarter. BIP Wealth LLC acquired a new position in TJX Companies in the 3rd quarter valued at $215,000. OneAscent Financial Services LLC acquired a new position in TJX Companies in the 3rd quarter valued at $312,000. Caprock Group LLC raised its holdings in TJX Companies by 7.6% in the 3rd quarter. Caprock Group LLC now owns 35,510 shares of the apparel and home fashions retailer’s stock valued at $4,174,000 after acquiring an additional 2,521 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its holdings in TJX Companies by 10.2% in the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 4,628 shares of the apparel and home fashions retailer’s stock valued at $544,000 after acquiring an additional 429 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE:TJX opened at $119.67 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a 50-day moving average of $116.38 and a two-hundred day moving average of $111.86. The stock has a market cap of $134.97 billion, a P/E ratio of 28.91, a PEG ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10.

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 for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 EPS. On average, research analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company 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 $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 1.25%. TJX Companies’s payout ratio is currently 36.23%.

Insider Buying and Selling at TJX Companies

In other 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TJX shares. Wells Fargo & Company boosted their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Evercore ISI upped their price objective on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Loop Capital upped their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. UBS Group upped their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.41.

About TJX Companies

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.