The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 603,502 shares of the apparel and home fashions retailer's stock after purchasing an additional 34,219 shares during the quarter. Toronto Dominion Bank owned 0.05% of TJX Companies worth $70,936,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TJX. First Trust Direct Indexing L.P. increased its holdings in shares of TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock worth $5,537,000 after buying an additional 5,207 shares during the last quarter. Swedbank AB grew its position in TJX Companies by 45.9% in the second quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer's stock worth $114,722,000 after acquiring an additional 327,684 shares in the last quarter. EP Wealth Advisors LLC increased its stake in TJX Companies by 229.8% during the second quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer's stock worth $24,387,000 after acquiring an additional 154,342 shares during the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new stake in TJX Companies during the second quarter valued at approximately $2,310,000. Finally, Beck Capital Management LLC lifted its stake in shares of TJX Companies by 38.8% in the 3rd quarter. Beck Capital Management LLC now owns 24,184 shares of the apparel and home fashions retailer's stock valued at $2,843,000 after purchasing an additional 6,763 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TJX. Jefferies Financial Group raised their price target on TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Barclays raised their target price on shares of TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Evercore ISI upped their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. UBS Group raised their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Finally, TD Cowen upped their target price on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of "Moderate Buy" and an average price target of $130.89.

TJX Companies Stock Down 0.3 %

Shares of TJX traded down $0.43 during mid-day trading on Wednesday, hitting $126.77. The company's stock had a trading volume of 2,419,184 shares, compared to its average volume of 5,232,466. 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 company's 50-day moving average is $118.47 and its 200-day moving average is $114.75. The TJX Companies, Inc. has a 52-week low of $88.58 and a 52-week high of $128.00. The firm has a market capitalization of $142.51 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 3.10 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Thursday, February 13th. TJX Companies's payout ratio is currently 35.29%.

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.