Saturna Capital Corp Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

Saturna Capital Corp grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,230,875 shares of the apparel and home fashions retailer’s stock after purchasing an additional 234 shares during the quarter. TJX Companies comprises approximately 1.9% of Saturna Capital Corp’s portfolio, making the stock its 18th biggest position. Saturna Capital Corp’s holdings in TJX Companies were worth $144,677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of TJX Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after acquiring an additional 1,269,792 shares during the period. Janus Henderson Group PLC raised its stake in shares of TJX Companies by 2.7% in the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after purchasing an additional 346,938 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. Ameriprise Financial Inc. boosted its position in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in TJX Companies by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock worth $689,812,000 after buying an additional 662,681 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.0 %

Shares of NYSE TJX opened at $119.90 on Wednesday. The TJX Companies, Inc. has a 52-week low of $87.26 and a 52-week high of $121.13. 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 company’s 50-day simple moving average is $116.13 and its 200-day simple moving average is $111.14. The firm has a market cap of $135.23 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 2.99 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, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the previous year, the firm posted $0.85 EPS. TJX Companies’s revenue was up 5.6% compared to the same quarter last year. Equities analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Analyst Ratings Changes

A number of analysts have recently weighed in on TJX shares. Loop Capital increased their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley boosted their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Barclays raised their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Jefferies Financial Group boosted their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a research note on Wednesday, August 21st. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

Insider Buying and Selling at TJX Companies

In other 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 value of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by insiders.

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.