400 Shares in The TJX Companies, Inc. (NYSE:TJX) Bought by Kennebec Savings Bank

Kennebec Savings Bank acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, HoldingsChannel reports. The fund acquired 400 shares of the apparel and home fashions retailer’s stock, valued at approximately $47,000.

Several other large investors have also modified their holdings of TJX. Avantax Advisory Services Inc. boosted its holdings in shares of TJX Companies by 2.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,337 shares of the apparel and home fashions retailer’s stock worth $2,468,000 after buying an additional 607 shares during the period. Bleakley Financial Group LLC raised its stake in TJX Companies by 2.7% during the 1st quarter. Bleakley Financial Group LLC now owns 21,193 shares of the apparel and home fashions retailer’s stock valued at $2,149,000 after purchasing an additional 561 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in TJX Companies by 5.8% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 3,317 shares of the apparel and home fashions retailer’s stock valued at $336,000 after purchasing an additional 182 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in TJX Companies by 35.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,189,142 shares of the apparel and home fashions retailer’s stock valued at $323,443,000 after purchasing an additional 837,691 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its stake in TJX Companies by 219.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 13,579 shares of the apparel and home fashions retailer’s stock valued at $1,377,000 after purchasing an additional 9,333 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their target price 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. Jefferies Financial Group upped their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley upped their target price on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. TD Cowen increased their price objective 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. Finally, BMO Capital Markets increased their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Up 0.2 %

TJX opened at $118.06 on Tuesday. The firm’s 50-day simple moving average is $116.07 and its 200-day simple moving average is $110.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.13. The firm has a market cap of $133.16 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.98 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were 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 $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 this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies 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.