Signature Estate & Investment Advisors LLC Has $318,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Signature Estate & Investment Advisors LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 3.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 2,706 shares of the apparel and home fashions retailer’s stock after purchasing an additional 90 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in TJX Companies were worth $318,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. bought a new position in shares of TJX Companies in the first quarter valued at about $218,000. Ontario Teachers Pension Plan Board grew its stake in shares of TJX Companies by 6.9% during the first quarter. Ontario Teachers Pension Plan Board now owns 24,701 shares of the apparel and home fashions retailer’s stock valued at $2,505,000 after purchasing an additional 1,584 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in shares of TJX Companies by 1.7% in the first quarter. Jacobi Capital Management LLC now owns 9,214 shares of the apparel and home fashions retailer’s stock valued at $934,000 after purchasing an additional 158 shares in the last quarter. Davis R M Inc. raised its position in TJX Companies by 0.6% in the 1st quarter. Davis R M Inc. now owns 724,965 shares of the apparel and home fashions retailer’s stock worth $73,526,000 after purchasing an additional 4,299 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in TJX Companies by 3.3% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,262,312 shares of the apparel and home fashions retailer’s stock worth $128,024,000 after buying an additional 40,361 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated 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 sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

TJX has been the subject of several research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Wednesday. Morgan Stanley lifted their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. TD Cowen upped their target price on shares of TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a research report on Friday. UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Citigroup downgraded shares of 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 note on Thursday, August 22nd. 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.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $127.41.

TJX Companies Price Performance

Shares of TJX stock opened at $119.97 on Friday. The firm has a market capitalization of $135.31 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $87.26 and a 12-month high of $122.10. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average of $116.33 and a 200-day moving average of $111.56.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

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 paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

TJX Companies 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.