Grove Bank & Trust grew its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 5.4% in the third quarter, Holdings Channel reports. The fund owned 8,689 shares of the apparel and home fashions retailer’s stock after acquiring an additional 443 shares during the quarter. Grove Bank & Trust’s holdings in TJX Companies were worth $1,021,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Raleigh Capital Management Inc. increased its stake in shares of TJX Companies by 307.2% in the fourth quarter. Raleigh Capital Management Inc. now owns 509 shares of the apparel and home fashions retailer’s stock valued at $48,000 after buying an additional 384 shares during the period. Integrated Advisors Network LLC raised its stake in shares of TJX Companies by 3.9% during the fourth quarter. Integrated Advisors Network LLC now owns 5,361 shares of the apparel and home fashions retailer’s stock valued at $503,000 after acquiring an additional 200 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in shares of TJX Companies by 176.5% during the fourth quarter. Centaurus Financial Inc. now owns 5,582 shares of the apparel and home fashions retailer’s stock worth $524,000 after purchasing an additional 3,563 shares during the period. Syon Capital LLC grew its stake in shares of TJX Companies by 6.0% in the fourth quarter. Syon Capital LLC now owns 6,920 shares of the apparel and home fashions retailer’s stock worth $649,000 after purchasing an additional 391 shares during the last quarter. Finally, Greenwood Capital Associates LLC acquired a new stake in TJX Companies in the fourth quarter valued at $213,000. Institutional investors own 91.09% of the company’s stock.
Insider Transactions at TJX Companies
In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction 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 approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.
TJX Companies Stock Up 0.8 %
TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for 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%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, equities analysts predict 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. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.
Analyst Ratings Changes
A number of equities research analysts have commented on TJX shares. BMO Capital Markets upped their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Bank of America boosted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, UBS Group upped their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $126.76.
View Our Latest Research Report on TJX
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.
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