Synovus Financial Corp Has $17.71 Million Position in The TJX Companies, Inc. $TJX

Synovus Financial Corp raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 122,486 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,526 shares during the period. Synovus Financial Corp’s holdings in TJX Companies were worth $17,705,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Wealth LLC raised its stake in TJX Companies by 12.3% during the 3rd quarter. NewEdge Wealth LLC now owns 92,160 shares of the apparel and home fashions retailer’s stock worth $13,243,000 after buying an additional 10,122 shares during the period. CenterBook Partners LP increased its holdings in shares of TJX Companies by 388.6% in the third quarter. CenterBook Partners LP now owns 113,505 shares of the apparel and home fashions retailer’s stock worth $16,406,000 after acquiring an additional 90,275 shares in the last quarter. MJP Associates Inc. ADV raised its position in shares of TJX Companies by 11.8% during the third quarter. MJP Associates Inc. ADV now owns 3,449 shares of the apparel and home fashions retailer’s stock worth $499,000 after purchasing an additional 365 shares during the period. Essex Financial Services Inc. lifted its holdings in shares of TJX Companies by 2.5% during the 3rd quarter. Essex Financial Services Inc. now owns 37,112 shares of the apparel and home fashions retailer’s stock valued at $5,364,000 after purchasing an additional 890 shares in the last quarter. Finally, Syon Capital LLC grew its position in shares of TJX Companies by 15.0% in the 3rd quarter. Syon Capital LLC now owns 9,544 shares of the apparel and home fashions retailer’s stock valued at $1,380,000 after purchasing an additional 1,245 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TJX has been the topic of a number of research reports. Bank of America lifted their price target on shares of TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. BTIG Research reaffirmed a “buy” rating and issued a $165.00 price objective on shares of TJX Companies in a research report on Thursday, November 20th. JPMorgan Chase & Co. increased their target price on TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average price target of $163.86.

TJX Companies Stock Up 0.2%

Shares of TJX opened at $157.27 on Thursday. The firm has a market cap of $174.64 billion, a P/E ratio of 34.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The TJX Companies, Inc. has a 52 week low of $112.10 and a 52 week high of $159.48. The firm’s 50-day simple moving average is $154.56 and its 200 day simple moving average is $146.40.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s payout ratio is 37.53%.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 24,363 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $151.31, for a total value of $3,686,365.53. Following the completion of the transaction, the chief executive officer directly owned 510,780 shares in the company, valued at approximately $77,286,121.80. This represents a 4.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the transaction, the director owned 22,212 shares of the company’s stock, valued at approximately $3,362,896.80. This trade represents a 2.20% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.13% of the company’s stock.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.