Raymond James Trust N.A. Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Raymond James Trust N.A. raised its position in The TJX Companies, Inc. (NYSE:TJX) by 3.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,552 shares of the apparel and home fashions retailer’s stock after buying an additional 2,347 shares during the period. Raymond James Trust N.A.’s holdings in TJX Companies were worth $6,887,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies in the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC lifted its position in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares in the last quarter. First Pacific Financial acquired a new position in TJX Companies during the first quarter worth $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of TJX Companies in the 4th quarter worth $27,000. Finally, OFI Invest Asset Management purchased a new position in shares of TJX Companies during the 1st quarter worth $30,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Louise Greenlees sold 8,171 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total value of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Amy B. Lane sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total value of $153,105.00. Following the completion of the sale, the director now owns 23,470 shares of the company’s stock, valued at approximately $2,395,582.90. The disclosure for this sale can be found here. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Up 0.4 %

Shares of NYSE:TJX traded up $0.47 during trading hours on Friday, reaching $119.47. The stock had a trading volume of 4,523,886 shares, compared to its average volume of 5,595,220. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.06. The firm’s 50 day moving average is $112.08 and its 200-day moving average is $103.51. The stock has a market capitalization of $135.02 billion, a price-to-earnings ratio of 29.65, a P/E/G ratio of 3.14 and a beta of 0.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. Research analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.50 dividend on an annualized basis and a yield of 1.26%. TJX Companies’s payout ratio is currently 37.22%.

Analyst Ratings Changes

A number of equities analysts have commented on TJX shares. Loop Capital lifted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday. BMO Capital Markets upped their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a report on Wednesday. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $128.00 in a research report on Thursday. Finally, Evercore ISI boosted their target price on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $126.76.

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.