HM Payson & Co. Has $59.30 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

HM Payson & Co. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 504,503 shares of the apparel and home fashions retailer’s stock after selling 3,656 shares during the period. HM Payson & Co.’s holdings in TJX Companies were worth $59,299,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies in the second quarter valued at about $25,000. Copeland Capital Management LLC bought a new position in TJX Companies in the third quarter valued at $30,000. New Millennium Group LLC bought a new position in TJX Companies in the second quarter valued at $34,000. Anfield Capital Management LLC acquired a new stake in TJX Companies in the 2nd quarter valued at $37,000. Finally, Northwest Investment Counselors LLC bought a new stake in TJX Companies during the 3rd quarter worth about $37,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $0.33 during trading on Thursday, reaching $112.62. The company’s stock had a trading volume of 140,663 shares, compared to its average volume of 5,203,271. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $116.68 and its 200-day moving average price is $109.68. The TJX Companies, Inc. has a 52 week low of $87.22 and a 52 week high of $121.13. The firm has a market cap of $127.02 billion, a PE ratio of 27.29, a P/E/G ratio of 2.88 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. Equities analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TJX. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a research note on Wednesday, August 21st. Bank of America raised their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Finally, TD Cowen lifted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.