The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Umpqua Bank

Umpqua Bank raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 14.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,399 shares of the apparel and home fashions retailer’s stock after purchasing an additional 304 shares during the quarter. Umpqua Bank’s holdings in TJX Companies were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Norden Group LLC acquired a new position in shares of TJX Companies in the first quarter valued at approximately $289,000. Choreo LLC acquired a new position in shares of TJX Companies in the first quarter worth $217,000. Larson Financial Group LLC increased its position in shares of TJX Companies by 190.3% during the first quarter. Larson Financial Group LLC now owns 1,890 shares of the apparel and home fashions retailer’s stock worth $192,000 after acquiring an additional 1,239 shares during the period. Avidian Wealth Solutions LLC raised its stake in shares of TJX Companies by 36.0% in the first quarter. Avidian Wealth Solutions LLC now owns 3,712 shares of the apparel and home fashions retailer’s stock valued at $376,000 after acquiring an additional 983 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of TJX Companies by 4.7% during the first quarter. Signaturefd LLC now owns 23,856 shares of the apparel and home fashions retailer’s stock worth $2,419,000 after buying an additional 1,069 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TJX has been the topic of a number of analyst reports. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Bank of America lifted their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group increased their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Barclays lifted their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $126.76.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX stock traded up $2.06 during trading on Wednesday, hitting $115.81. The company had a trading volume of 2,327,322 shares, compared to its average volume of 5,189,973. The business has a 50 day moving average of $116.14 and a 200 day moving average of $110.35. The firm has a market capitalization of $130.62 billion, a price-to-earnings ratio of 27.48, a P/E/G ratio of 2.85 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a fifty-two week low of $87.26 and a fifty-two week high of $121.13.

TJX Companies (NYSE:TJX) last announced 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 return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the previous year, the company earned $0.85 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.30%. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

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.