FDx Advisors Inc. grew its position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,842 shares of the apparel and home fashions retailer’s stock after purchasing an additional 137 shares during the quarter. FDx Advisors Inc.’s holdings in TJX Companies were worth $334,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. United Capital Management of KS Inc. purchased a new position in TJX Companies during the third quarter worth approximately $5,795,000. GDS Wealth Management raised its stake in shares of TJX Companies by 7.6% during the 3rd quarter. GDS Wealth Management now owns 120,989 shares of the apparel and home fashions retailer’s stock worth $14,221,000 after buying an additional 8,558 shares during the period. Catalytic Wealth RIA LLC lifted its position in shares of TJX Companies by 33.1% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 32,770 shares of the apparel and home fashions retailer’s stock valued at $3,852,000 after buying an additional 8,143 shares in the last quarter. Kennebec Savings Bank acquired a new stake in TJX Companies in the 3rd quarter valued at $47,000. Finally, Ashton Thomas Securities LLC increased its holdings in TJX Companies by 1.7% in the 3rd quarter. Ashton Thomas Securities LLC now owns 7,517 shares of the apparel and home fashions retailer’s stock worth $884,000 after acquiring an additional 127 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
TJX has been the topic of several research analyst reports. Jefferies Financial Group lifted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Barclays boosted their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Evercore ISI boosted their price target on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Finally, Loop Capital raised their price objective on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.
Insider Buying and Selling
In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated 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 owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This 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 can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.
TJX Companies Trading Up 0.2 %
TJX opened at $118.06 on Tuesday. The stock has a market capitalization of $133.16 billion, a PE ratio of 28.52, a P/E/G ratio of 2.98 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $87.26 and a one year high of $121.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The business’s 50 day moving average price is $116.07 and its 200 day moving average price is $110.82.
TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 EPS. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.15 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 1.27%. TJX Companies’s dividend payout ratio is presently 36.23%.
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.
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