Coastline Trust Co Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

Coastline Trust Co raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,980 shares of the apparel and home fashions retailer’s stock after buying an additional 1,240 shares during the quarter. Coastline Trust Co’s holdings in TJX Companies were worth $4,699,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the second quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the 3rd quarter valued at about $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the 3rd quarter worth about $30,000. New Millennium Group LLC purchased a new position in shares of TJX Companies during the second quarter worth approximately $34,000. Finally, Anfield Capital Management LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated 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 $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TJX. Loop Capital increased their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI increased their price target on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Barclays lifted their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $127.41.

TJX Companies Stock Performance

NYSE TJX opened at $119.98 on Friday. The firm has a market capitalization of $135.32 billion, a P/E ratio of 28.98, a PEG ratio of 3.03 and a beta of 0.89. The stock has a 50-day simple moving average of $116.33 and a two-hundred day simple moving average of $111.44. 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 TJX Companies, Inc. has a fifty-two week low of $87.26 and a fifty-two week high of $122.10.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The company 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%. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 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.