The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Concord Asset Management LLC VA

Concord Asset Management LLC VA raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 18.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,024 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,262 shares during the quarter. Concord Asset Management LLC VA’s holdings in TJX Companies were worth $943,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies during the 2nd quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies during the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies during the 3rd quarter valued at approximately $30,000. New Millennium Group LLC acquired a new stake in TJX Companies during the 2nd quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC acquired a new stake in TJX Companies during the 2nd quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.1 %

Shares of TJX stock opened at $119.97 on Friday. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $122.10. The stock has a market cap of $135.31 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The business’s fifty day moving average is $116.33 and its 200-day moving average is $111.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TJX shares. Evercore ISI increased their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Wells Fargo & Company increased their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. TD Cowen increased their target price on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird increased their target price on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Bank of America increased their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.41.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

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.