The TJX Companies, Inc. (NYSE:TJX) Position Boosted by Cadence Bank

Cadence Bank raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 29.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,115 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,637 shares during the period. Cadence Bank’s holdings in TJX Companies were worth $836,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Richard W. Paul & Associates LLC purchased a new position in TJX Companies during the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the third quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new stake in TJX Companies in the third quarter valued at approximately $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the third quarter worth approximately $30,000. Finally, New Millennium Group LLC acquired a new position in shares of TJX Companies during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.1 %

TJX stock opened at $126.36 on Thursday. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market cap of $142.52 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.10 and a beta of 0.89. The business’s 50-day simple moving average is $116.97 and its 200 day simple moving average is $112.98.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 EPS. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend yield of 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 35.29%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Bank of America lifted 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. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. TD Cowen increased their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Barclays increased their price target on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average target price of $129.47.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were 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 in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.