First National Bank of Mount Dora Trust Investment Services Increases Stake in The TJX Companies, Inc. (NYSE:TJX)

First National Bank of Mount Dora Trust Investment Services lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.8% during the third quarter, HoldingsChannel reports. The fund owned 47,843 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,660 shares during the quarter. TJX Companies comprises 1.3% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 26th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in TJX Companies were worth $5,623,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies in the second quarter valued at $25,000. Copeland Capital Management LLC purchased a new stake in TJX Companies during the third quarter worth $30,000. New Millennium Group LLC purchased a new stake in TJX Companies during the second quarter worth $34,000. Anfield Capital Management LLC purchased a new position in shares of TJX Companies in the second quarter valued at $37,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of TJX Companies in the third quarter valued at $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.0 %

TJX Companies stock traded up $0.05 during midday trading on Monday, hitting $112.44. 518,165 shares of the company were exchanged, compared to its average volume of 5,197,662. The company has a market cap of $126.82 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.86 and a beta of 0.89. The TJX Companies, Inc. has a fifty-two week low of $87.26 and a fifty-two week high of $121.13. The company’s fifty day moving average price is $116.42 and its 200-day moving average price is $110.07. 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 announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend yield of 1.33%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Analysts Set New Price Targets

Several research firms have weighed in on TJX. Evercore ISI raised their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. BMO Capital Markets increased their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company raised their price target on shares of 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, Jefferies Financial Group raised their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

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.