Border to Coast Pensions Partnership Ltd Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Border to Coast Pensions Partnership Ltd boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 356,908 shares of the apparel and home fashions retailer’s stock after buying an additional 15,226 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in TJX Companies were worth $41,829,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Richard W. Paul & Associates LLC purchased a new position in TJX Companies in the 2nd quarter worth $25,000. Valued Wealth Advisors LLC raised its stake in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares during the last quarter. New Millennium Group LLC acquired a new stake in shares of TJX Companies during the second quarter worth about $34,000. OFI Invest Asset Management purchased a new position in TJX Companies during the 1st quarter worth approximately $30,000. Finally, AlphaMark Advisors LLC lifted its stake in TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Down 1.8 %

TJX Companies stock traded down $2.11 during midday trading on Monday, hitting $115.60. 2,868,691 shares of the stock were exchanged, compared to its average volume of 5,282,720. 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 stock’s 50-day simple moving average is $116.40 and its 200 day simple moving average is $108.74. The TJX Companies, Inc. has a fifty-two week low of $86.92 and a fifty-two week high of $121.13. The stock has a market capitalization of $130.38 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for 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 revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 EPS. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Analyst Ratings Changes

TJX has been the topic of several analyst reports. Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Loop Capital boosted their price target on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Jefferies Financial Group upped their price objective on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Finally, Evercore ISI increased their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.76.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.