Fiduciary Trust Co Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Fiduciary Trust Co increased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,747,073 shares of the apparel and home fashions retailer’s stock after buying an additional 3,973 shares during the period. TJX Companies comprises approximately 4.5% of Fiduciary Trust Co’s holdings, making the stock its 5th largest position. Fiduciary Trust Co owned 0.24% of TJX Companies worth $322,891,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TJX. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies in the 3rd quarter valued at $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the 3rd quarter worth $29,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at about $30,000. Finally, New Millennium Group LLC purchased a new position in shares of TJX Companies during the second quarter valued at about $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on TJX. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. UBS Group upped their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note 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 stock an “equal weight” rating in a research note on Thursday, August 22nd. Finally, Bank of America upped their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $129.47.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

TJX opened at $126.36 on Thursday. The firm’s 50-day moving average price is $116.97 and its 200-day moving average price is $112.98. The company has a market cap of $142.52 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 3.10 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same period in the prior year, the firm earned $1.03 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors 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 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s dividend payout ratio is currently 35.29%.

About TJX Companies

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.