Mayport LLC Buys New Position in The TJX Companies, Inc. (NYSE:TJX)

Mayport LLC bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,773 shares of the apparel and home fashions retailer’s stock, valued at approximately $208,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Fisher Asset Management LLC raised its holdings in TJX Companies by 18.1% in the fourth quarter. Fisher Asset Management LLC now owns 5,400 shares of the apparel and home fashions retailer’s stock worth $507,000 after purchasing an additional 827 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in TJX Companies by 5.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 5,681 shares of the apparel and home fashions retailer’s stock worth $576,000 after purchasing an additional 314 shares in the last quarter. Alaska Permanent Fund Corp bought a new position in TJX Companies in the first quarter worth $123,000. Montecito Bank & Trust raised its holdings in TJX Companies by 71.6% in the first quarter. Montecito Bank & Trust now owns 10,222 shares of the apparel and home fashions retailer’s stock worth $1,037,000 after purchasing an additional 4,264 shares in the last quarter. Finally, Perpetual Ltd raised its holdings in TJX Companies by 1.9% in the first quarter. Perpetual Ltd now owns 7,234 shares of the apparel and home fashions retailer’s stock worth $734,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.5 %

TJX Companies stock opened at $117.39 on Thursday. The TJX Companies, Inc. has a one year low of $86.92 and a one year high of $121.13. The business’s fifty day moving average is $116.11 and its 200 day moving average is $108.41. 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 stock has a market capitalization of $132.40 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its earnings results 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. 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 for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. TJX Companies’s revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is 36.23%.

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 stock was sold at an average price of $117.54, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Evercore ISI increased 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. UBS Group increased their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley increased their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Finally, BMO Capital Markets increased their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.