CIBC Asset Management Inc Acquires 40,451 Shares of The TJX Companies, Inc. (NYSE:TJX)

CIBC Asset Management Inc increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 20.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 235,688 shares of the apparel and home fashions retailer’s stock after acquiring an additional 40,451 shares during the quarter. CIBC Asset Management Inc’s holdings in TJX Companies were worth $27,703,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter valued at about $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter worth about $30,000. New Millennium Group LLC acquired a new stake in TJX Companies during the second quarter worth about $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TJX shares. Robert W. Baird boosted their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Wednesday. Morgan Stanley upped their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Barclays lifted their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, 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. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.41.

TJX Companies Price Performance

TJX stock opened at $119.98 on Friday. The company’s 50-day moving average is $116.24 and its 200-day moving average is $111.27. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $122.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a market capitalization of $135.32 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts expect that The TJX Companies, Inc. will post 4.14 EPS 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. Shareholders 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 yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is 36.23%.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction 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 approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

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.