The TJX Companies, Inc. (NYSE:TJX) is Fiduciary Trust Co’s 5th Largest Position

Fiduciary Trust Co grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,747,073 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,973 shares during the period. TJX Companies comprises approximately 4.5% of Fiduciary Trust Co’s investment portfolio, making the stock its 5th largest holding. Fiduciary Trust Co’s holdings in TJX Companies were worth $322,891,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TJX. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies during the second quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the third quarter worth about $29,000. Truvestments Capital LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth about $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the 3rd quarter valued at about $30,000. Finally, New Millennium Group LLC purchased a new position in shares of TJX Companies in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Up 0.1 %

Shares of TJX 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 quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $116.97 and a two-hundred day simple moving average of $112.98. The company has a market capitalization 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.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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 issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio is presently 35.29%.

Analyst Ratings Changes

Several analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Barclays increased their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. Finally, Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Four 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

TJX Companies Company 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.