New Covenant Trust Company N.A. Invests $224,000 in The TJX Companies, Inc. (NYSE:TJX)

New Covenant Trust Company N.A. acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,909 shares of the apparel and home fashions retailer’s stock, valued at approximately $224,000.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. PineStone Asset Management Inc. raised its stake in shares of TJX Companies by 134.2% in the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after acquiring an additional 3,132,960 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in TJX Companies by 33.4% in the 2nd 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 last quarter. Capital Wealth Planning LLC acquired a new stake in TJX Companies in the 2nd quarter worth approximately $315,698,000. Finally, Los Angeles Capital Management LLC boosted its position in TJX Companies by 80.6% during the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock worth $324,044,000 after purchasing an additional 1,313,517 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TJX has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Evercore ISI boosted their target price on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and raised their price target for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Jefferies Financial Group boosted 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. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Price Performance

NYSE:TJX opened at $112.39 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The company has a 50-day moving average of $116.42 and a 200-day moving average of $109.95. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $121.13. The company has a market capitalization of $126.76 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.86 and a beta of 0.89.

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 net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter last year, the company earned $0.85 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 yield of 1.33%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.