Inspire Trust Co. N.A. Acquires 12,000 Shares of The TJX Companies, Inc. $TJX

Inspire Trust Co. N.A. grew its holdings in The TJX Companies, Inc. (NYSE:TJXFree Report) by 120.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,000 shares of the apparel and home fashions retailer’s stock after purchasing an additional 12,000 shares during the period. Inspire Trust Co. N.A.’s holdings in TJX Companies were worth $3,180,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in TJX Companies by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock valued at $14,737,557,000 after acquiring an additional 820,730 shares during the period. State Street Corp grew its position in shares of TJX Companies by 0.6% in the second quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock valued at $6,001,063,000 after purchasing an additional 285,737 shares in the last quarter. Geode Capital Management LLC grew its position in shares of TJX Companies by 1.2% in the second quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock valued at $3,205,927,000 after purchasing an additional 301,127 shares in the last quarter. Norges Bank bought a new stake in shares of TJX Companies during the 2nd quarter valued at $1,808,774,000. Finally, Invesco Ltd. lifted its holdings in TJX Companies by 0.9% during the 2nd quarter. Invesco Ltd. now owns 9,081,087 shares of the apparel and home fashions retailer’s stock worth $1,121,423,000 after purchasing an additional 80,487 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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TJX Companies Trading Up 1.1%

Shares of TJX opened at $158.29 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $159.48. The company has a market capitalization of $175.77 billion, a P/E ratio of 34.94, a P/E/G ratio of 3.02 and a beta of 0.74. The firm’s 50 day simple moving average is $154.62 and its 200 day simple moving average is $146.80.

TJX Companies (NYSE:TJXGet Free Report) last issued its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.14 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio is currently 37.53%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TJX. Citigroup reaffirmed a “buy” rating and set a $168.00 target price (up previously from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, November 11th. UBS Group reaffirmed a “buy” rating and set a $193.00 target price (up previously from $181.00) on shares of TJX Companies in a report on Thursday, January 8th. Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price target on shares of TJX Companies in a report on Tuesday, January 6th. Finally, TD Cowen restated a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $163.86.

View Our Latest Report on TJX Companies

About TJX Companies

(Free Report)

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.

Further Reading

Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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