First Commonwealth Financial Corp PA Has $1.56 Million Position in The TJX Companies, Inc. (NYSE:TJX)

First Commonwealth Financial Corp PA lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,274 shares of the apparel and home fashions retailer’s stock after purchasing an additional 144 shares during the period. First Commonwealth Financial Corp PA’s holdings in TJX Companies were worth $1,560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TJX. Ameriprise Financial Inc. increased its stake in shares of TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after purchasing an additional 3,063,318 shares during the period. Dimensional Fund Advisors LP increased its position in TJX Companies by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock worth $689,812,000 after acquiring an additional 662,681 shares during the period. 1832 Asset Management L.P. raised its stake in TJX Companies by 14.2% in the 2nd quarter. 1832 Asset Management L.P. now owns 6,116,142 shares of the apparel and home fashions retailer’s stock worth $673,387,000 after purchasing an additional 759,427 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in TJX Companies by 5.8% in the 2nd quarter. Clearbridge Investments LLC now owns 6,012,310 shares of the apparel and home fashions retailer’s stock valued at $661,955,000 after purchasing an additional 330,277 shares during the period. Finally, PineStone Asset Management Inc. grew its position in shares of TJX Companies by 134.2% during the 2nd 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 purchasing an additional 3,132,960 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 1.2 %

Shares of TJX stock traded up $1.56 during trading hours on Wednesday, reaching $127.76. The company had a trading volume of 473,337 shares, compared to its average volume of 5,245,468. The company has a market cap of $144.10 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The business has a fifty day simple moving average of $116.79 and a 200-day simple moving average of $112.88. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $127.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last released its quarterly earnings results 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors 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 yield of 1.17%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 35.29%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TJX shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Wednesday, November 20th. Morgan Stanley boosted their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Jefferies Financial Group raised their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Evercore ISI increased their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Bank of America lifted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $129.47.

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.