Ipswich Investment Management Co. Inc. Buys 165 Shares of The TJX Companies, Inc. (NYSE:TJX)

Ipswich Investment Management Co. Inc. boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% during the third quarter, Holdings Channel.com reports. The firm owned 51,121 shares of the apparel and home fashions retailer’s stock after purchasing an additional 165 shares during the quarter. TJX Companies makes up about 1.4% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its 24th biggest position. Ipswich Investment Management Co. Inc.’s holdings in TJX Companies were worth $6,009,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies during the second quarter valued at approximately $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the third quarter worth $30,000. New Millennium Group LLC purchased a new stake in shares of TJX Companies during the second quarter valued at $34,000. Finally, Anfield Capital Management LLC purchased a new stake in TJX Companies during the 2nd quarter valued at about $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred 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 in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.1 %

Shares of TJX Companies stock opened at $119.98 on Friday. The company has a market capitalization of $135.32 billion, a P/E ratio of 28.98, a PEG ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $122.10. The company’s fifty day moving average is $116.33 and its two-hundred day moving average is $111.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

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

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Wall Street Analyst Weigh In

TJX has been the subject of several research reports. Evercore ISI lifted their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. UBS Group raised their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Barclays boosted their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, TD Cowen boosted their target price on shares of TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

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.