Investment Management Corp of Ontario Purchases 51,189 Shares of The TJX Companies, Inc. (NYSE:TJX)

Investment Management Corp of Ontario increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 201.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,540 shares of the apparel and home fashions retailer’s stock after buying an additional 51,189 shares during the quarter. Investment Management Corp of Ontario’s holdings in TJX Companies were worth $8,997,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TJX. Mather Group LLC. increased its position in shares of TJX Companies by 8.4% during the second quarter. Mather Group LLC. now owns 9,056 shares of the apparel and home fashions retailer’s stock worth $918,000 after purchasing an additional 703 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings in TJX Companies by 9.7% in the second quarter. Kingswood Wealth Advisors LLC now owns 8,756 shares of the apparel and home fashions retailer’s stock valued at $964,000 after acquiring an additional 772 shares in the last quarter. Park Avenue Securities LLC increased its position in TJX Companies by 6.1% in the second quarter. Park Avenue Securities LLC now owns 67,753 shares of the apparel and home fashions retailer’s stock worth $7,460,000 after buying an additional 3,915 shares during the period. CWM LLC boosted its stake in TJX Companies by 6.3% during the 2nd quarter. CWM LLC now owns 97,057 shares of the apparel and home fashions retailer’s stock valued at $10,686,000 after purchasing an additional 5,753 shares in the last quarter. Finally, Cullinan Associates Inc. boosted its stake in TJX Companies by 74.5% in the 2nd quarter. Cullinan Associates Inc. now owns 85,969 shares of the apparel and home fashions retailer’s stock worth $9,465,000 after purchasing an additional 36,694 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.2 %

Shares of NYSE TJX opened at $126.49 on Tuesday. The company has a market cap of $142.66 billion, a P/E ratio of 29.69, a PEG ratio of 3.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1 year low of $87.44 and a 1 year high of $128.00. The firm has a 50-day simple moving average of $117.29 and a two-hundred day simple moving average of $113.46.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the company posted $1.03 EPS. The business’s revenue was up 6.0% on a year-over-year basis. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is currently 35.29%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TJX. Deutsche Bank Aktiengesellschaft upped their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Barclays boosted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Jefferies Financial Group lifted their target price on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Loop Capital raised their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, TD Cowen upped their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.47.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

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.