Commerzbank Aktiengesellschaft FI Purchases 1,060 Shares of The TJX Companies, Inc. (NYSE:TJX)

Commerzbank Aktiengesellschaft FI lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 32.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,294 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,060 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in TJX Companies were worth $505,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its holdings in shares of TJX Companies by 16.1% in the 1st quarter. Sound Income Strategies LLC now owns 2,133 shares of the apparel and home fashions retailer’s stock worth $216,000 after buying an additional 296 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of TJX Companies by 12.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 30,353 shares of the apparel and home fashions retailer’s stock worth $3,078,000 after buying an additional 3,287 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of TJX Companies by 6.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 632,053 shares of the apparel and home fashions retailer’s stock worth $64,103,000 after buying an additional 39,094 shares during the last quarter. Thrive Wealth Management LLC boosted its holdings in shares of TJX Companies by 1.0% in the 1st quarter. Thrive Wealth Management LLC now owns 11,069 shares of the apparel and home fashions retailer’s stock worth $1,123,000 after buying an additional 114 shares during the last quarter. Finally, Stokes Capital Advisors LLC lifted its holdings in TJX Companies by 5.9% during the first quarter. Stokes Capital Advisors LLC now owns 110,237 shares of the apparel and home fashions retailer’s stock valued at $11,180,000 after purchasing an additional 6,178 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $114.24 on Thursday. The stock has a fifty day moving average of $116.67 and a 200 day moving average of $109.05. The TJX Companies, Inc. has a 52 week low of $86.92 and a 52 week high of $121.13. The firm has a market capitalization of $128.85 billion, a price-to-earnings ratio of 27.59, a PEG ratio of 2.91 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last announced its quarterly 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 return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. As a group, research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TJX shares. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Evercore ISI upped their price objective 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. Barclays upped their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. UBS Group upped their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Bank of America increased their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade 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. Insiders own 0.13% of the company’s stock.

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.