Verde Capital Management Invests $535,000 in The TJX Companies, Inc. (NYSE:TJX)

Verde Capital Management acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,554 shares of the apparel and home fashions retailer’s stock, valued at approximately $535,000.

A number of other large investors also recently bought and sold shares of the stock. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the 2nd quarter worth about $25,000. Valued Wealth Advisors LLC grew its stake in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 177 shares in the last quarter. New Millennium Group LLC purchased a new stake in shares of TJX Companies during the second quarter worth $34,000. OFI Invest Asset Management acquired a new stake in shares of TJX Companies in the first quarter valued at $30,000. Finally, AlphaMark Advisors LLC boosted its holdings in TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after purchasing an additional 122 shares during the period. 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 firm’s 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 owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Stock Up 0.2 %

Shares of NYSE:TJX opened at $117.71 on Friday. The TJX Companies, Inc. has a 1-year low of $86.92 and a 1-year high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a market cap of $132.76 billion, a P/E ratio of 28.43, a P/E/G ratio of 2.97 and a beta of 0.89. The firm has a fifty day moving average price of $116.40 and a 200 day moving average price of $108.66.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.27%. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TJX shares. UBS Group upped their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Jefferies Financial Group raised their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Bank of America boosted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Barclays raised 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. Finally, Wells Fargo & Company boosted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

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.