Citizens Financial Group Inc. RI Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Citizens Financial Group Inc. RI increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 118,818 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,712 shares during the period. Citizens Financial Group Inc. RI’s holdings in TJX Companies were worth $13,966,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Stablepoint Partners LLC lifted its position in shares of TJX Companies by 0.3% during the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after buying an additional 89 shares during the last quarter. Dearborn Partners LLC lifted its holdings in shares of TJX Companies by 4.0% during the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after purchasing an additional 90 shares during the period. Concorde Asset Management LLC boosted its holdings in shares of TJX Companies by 2.8% in the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after acquiring an additional 90 shares in the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in TJX Companies by 3.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after purchasing an additional 90 shares in the last quarter. Finally, Sound Income Strategies LLC grew its holdings in TJX Companies by 3.8% during the third quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock worth $295,000 after acquiring an additional 91 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Telsey Advisory Group restated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Wednesday. BMO Capital Markets boosted their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Loop Capital increased their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. TD Cowen increased their price objective on shares of TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Evercore ISI increased their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

TJX Companies Trading Up 0.2 %

NYSE:TJX opened at $119.74 on Thursday. The stock has a market cap of $135.05 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $122.10. 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 business’s 50-day simple moving average is $116.46 and its 200 day simple moving average is $112.09.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 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 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. As a group, sell-side analysts predict 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. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction 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 sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

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.