The TJX Companies, Inc. (NYSE:TJX) Stock Position Lifted by Cadence Bank

Cadence Bank grew its position in The TJX Companies, Inc. (NYSE:TJX) by 29.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,115 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,637 shares during the quarter. Cadence Bank’s holdings in TJX Companies were worth $836,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TJX. Richard W. Paul & Associates LLC acquired a new position in TJX Companies in the second quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the 3rd quarter worth approximately $29,000. Truvestments Capital LLC acquired a new position in TJX Companies during the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the 3rd quarter valued at approximately $30,000. Finally, New Millennium Group LLC bought a new position in TJX Companies during the 2nd quarter worth $34,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $126.36 on Thursday. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a market cap of $142.52 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.10 and a beta of 0.89. The company’s 50-day moving average price is $116.97 and its two-hundred day moving average price is $112.98.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 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. Stockholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Analyst Upgrades and Downgrades

TJX has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Wednesday, November 20th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Robert W. Baird raised their price target on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $129.47.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was 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 in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.