The TJX Companies, Inc. (NYSE:TJX) Shares Bought by SouthState Corp

SouthState Corp raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,491 shares of the apparel and home fashions retailer’s stock after buying an additional 3,095 shares during the period. TJX Companies comprises about 1.6% of SouthState Corp’s holdings, making the stock its 14th largest position. SouthState Corp’s holdings in TJX Companies were worth $22,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UniSuper Management Pty Ltd increased its position in shares of TJX Companies by 176.6% during the first quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer’s stock worth $2,565,000 after purchasing an additional 16,148 shares in the last quarter. Bessemer Group Inc. increased its position in shares of TJX Companies by 61.5% during the first quarter. Bessemer Group Inc. now owns 90,369 shares of the apparel and home fashions retailer’s stock worth $9,167,000 after purchasing an additional 34,426 shares in the last quarter. Lake Street Advisors Group LLC increased its position in shares of TJX Companies by 29.7% during the first quarter. Lake Street Advisors Group LLC now owns 12,059 shares of the apparel and home fashions retailer’s stock worth $1,223,000 after purchasing an additional 2,764 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of TJX Companies by 137.6% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 213,373 shares of the apparel and home fashions retailer’s stock worth $21,640,000 after purchasing an additional 123,566 shares in the last quarter. Finally, Pitcairn Co. increased its position in shares of TJX Companies by 17.1% during the first quarter. Pitcairn Co. now owns 14,763 shares of the apparel and home fashions retailer’s stock worth $1,497,000 after purchasing an additional 2,156 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $119.67 on Tuesday. The business’s 50 day simple moving average is $116.38 and its 200-day simple moving average is $111.86. The firm has a market capitalization of $134.97 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. 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 TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month 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 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Insider Transactions at TJX Companies

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

Analyst Upgrades and Downgrades

TJX has been the topic of a number of research analyst reports. TD Cowen lifted their target price on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets lifted their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company boosted their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI boosted their price target on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.41.

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.