UMB Bank n.a. Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

UMB Bank n.a. increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 11.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 438,062 shares of the apparel and home fashions retailer’s stock after buying an additional 43,775 shares during the period. UMB Bank n.a.’s holdings in TJX Companies were worth $51,490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Dearborn Partners LLC increased its position in shares of TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after purchasing an additional 90 shares during the last quarter. Concorde Asset Management LLC boosted its stake in TJX Companies by 2.8% during the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after buying an additional 90 shares during the period. Wambolt & Associates LLC boosted its stake in TJX Companies by 1.4% during the second quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock worth $751,000 after buying an additional 94 shares during the period. Armbruster Capital Management Inc. increased its position in shares of TJX Companies by 4.9% during the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock valued at $231,000 after acquiring an additional 97 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of TJX Companies by 1.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 6,477 shares of the apparel and home fashions retailer’s stock valued at $761,000 after acquiring an additional 97 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price objective 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. UBS Group raised their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. BMO Capital Markets lifted 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. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Robert W. Baird raised their target price on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Down 1.0 %

NYSE TJX traded down $1.19 on Thursday, hitting $112.79. 484,381 shares of the stock were exchanged, compared to its average volume of 5,303,633. The TJX Companies, Inc. has a fifty-two week low of $86.92 and a fifty-two week high of $121.13. The company has a 50-day moving average price of $115.65 and a 200-day moving average price of $107.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The company has a market cap of $127.21 billion, a PE ratio of 28.28, a PEG ratio of 2.90 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its earnings results 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 net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. Sell-side analysts anticipate 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. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 37.22%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate 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.