Trust Investment Advisors Has $2.42 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Trust Investment Advisors raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,961 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,945 shares during the period. TJX Companies accounts for 1.5% of Trust Investment Advisors’ portfolio, making the stock its 10th largest holding. Trust Investment Advisors’ holdings in TJX Companies were worth $2,418,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TJX. Price T Rowe Associates Inc. MD grew its holdings in TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. increased its position in TJX Companies by 134.2% during the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after acquiring an additional 3,132,960 shares during the period. Capital Wealth Planning LLC acquired a new position in TJX Companies during the 2nd quarter valued at $315,698,000. Los Angeles Capital Management LLC boosted its holdings in TJX Companies by 80.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after purchasing an additional 1,313,517 shares during the period. Finally, Vanguard Group Inc. grew its position in TJX Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after purchasing an additional 1,269,792 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.9 %

Shares of TJX opened at $118.29 on Friday. The company has a market capitalization of $133.42 billion, a P/E ratio of 29.35, a PEG ratio of 3.02 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13. The business’s 50 day simple moving average is $114.76 and its 200-day simple moving average is $106.01. 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 posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping 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 analyst estimates of $13.31 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 37.22%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Loop Capital lifted 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. BMO Capital Markets upped their target price 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 lifted 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, Bank of America increased their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Transactions at TJX Companies

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 value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

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.