The TJX Companies, Inc. (NYSE:TJX) Stock Holdings Boosted by Grimes & Company Inc.

Grimes & Company Inc. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,794 shares of the apparel and home fashions retailer’s stock after acquiring an additional 685 shares during the period. Grimes & Company Inc.’s holdings in TJX Companies were worth $1,151,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies during the second quarter worth about $25,000. Valued Wealth Advisors LLC grew its position in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 177 shares during the last quarter. Copeland Capital Management LLC bought a new position in TJX Companies in the 3rd quarter valued at about $30,000. New Millennium Group LLC bought a new position in TJX Companies in the 2nd quarter valued at about $34,000. Finally, Northwest Investment Counselors LLC bought a new position in TJX Companies in the 3rd quarter valued at about $37,000. Institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the 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 directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TJX. Loop Capital increased their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Evercore ISI increased their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. BMO Capital Markets increased their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. UBS Group increased their target price 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. Finally, TD Cowen upped their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report 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 data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Price Performance

TJX stock opened at $114.19 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a one year low of $86.92 and a one year high of $121.13. The firm has a market capitalization of $128.79 billion, a PE ratio of 27.58, a P/E/G ratio of 2.91 and a beta of 0.89. The firm has a 50-day moving average of $116.67 and a two-hundred day moving average of $109.05.

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, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

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.