The TJX Companies, Inc. (NYSE:TJX) Stock Position Raised by Montecito Bank & Trust

Montecito Bank & Trust boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 50.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,676 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,917 shares during the period. Montecito Bank & Trust’s holdings in TJX Companies were worth $1,725,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the 2nd quarter worth about $25,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at about $30,000. New Millennium Group LLC purchased a new stake in shares of TJX Companies in the second quarter worth approximately $34,000. Northwest Investment Counselors LLC acquired a new stake in shares of TJX Companies during the third quarter worth approximately $37,000. Finally, Anfield Capital Management LLC purchased a new position in TJX Companies during the second quarter valued at approximately $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In other 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 sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $115.63 on Thursday. The TJX Companies, Inc. has a 12-month low of $87.26 and a 12-month high of $121.13. The firm has a market capitalization of $130.42 billion, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89. The stock’s 50 day moving average price is $116.07 and its two-hundred day moving average price is $110.39. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

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 dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI upped 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. Barclays lifted their price target on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. Finally, TD Cowen lifted their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three equities 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 an average price target of $126.76.

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.