The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Lincoln National Corp

Lincoln National Corp increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 11,659 shares of the apparel and home fashions retailer’s stock after purchasing an additional 596 shares during the period. Lincoln National Corp’s holdings in TJX Companies were worth $989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tucker Asset Management LLC acquired a new position in shares of TJX Companies during the first quarter worth about $25,000. ZRC Wealth Management LLC purchased a new stake in TJX Companies in the 2nd quarter valued at approximately $25,000. Glass Jacobson Investment Advisors llc acquired a new position in TJX Companies during the 2nd quarter worth approximately $25,000. ICA Group Wealth Management LLC purchased a new position in shares of TJX Companies during the 4th quarter worth approximately $27,000. Finally, Fortis Capital Advisors LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $33,000. 89.28% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

NYSE:TJX opened at $91.00 on Monday. The TJX Companies, Inc. has a 1-year low of $69.93 and a 1-year high of $93.78. The firm has a 50 day simple moving average of $89.91 and a 200-day simple moving average of $84.88. The firm has a market cap of $104.11 billion, a PE ratio of 26.69, a P/E/G ratio of 2.17 and a beta of 0.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.20 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.45 billion. TJX Companies had a return on equity of 62.61% and a net margin of 7.77%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 3.72 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be issued a $0.3325 dividend. This represents a $1.33 annualized dividend and a yield of 1.46%. The ex-dividend date is Wednesday, November 8th. TJX Companies’s dividend payout ratio (DPR) is 39.00%.

Insider Activity

In related news, EVP Kenneth Canestrari sold 4,197 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $90.00, for a total value of $377,730.00. Following the sale, the executive vice president now directly owns 115,223 shares of the company’s stock, valued at $10,370,070. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Kenneth Canestrari sold 4,197 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total transaction of $377,730.00. Following the completion of the sale, the executive vice president now directly owns 115,223 shares in the company, valued at approximately $10,370,070. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Carol Meyrowitz sold 64,817 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $91.13, for a total value of $5,906,773.21. Following the sale, the chairman now directly owns 135,050 shares of the company’s stock, valued at approximately $12,307,106.50. The disclosure for this sale can be found here. Insiders sold a total of 114,014 shares of company stock valued at $10,291,303 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Robert W. Baird upped their price objective on TJX Companies from $90.00 to $96.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Wells Fargo & Company raised their price objective on shares of TJX Companies from $88.00 to $92.00 and gave the company an “equal weight” rating in a research note on Monday, September 11th. Telsey Advisory Group upped their target price on shares of TJX Companies from $95.00 to $100.00 in a research report on Thursday, August 17th. Morgan Stanley lifted their price target on shares of TJX Companies from $93.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, August 17th. Finally, Bank of America upped their price target on TJX Companies from $94.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

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.