31,833 Shares in The TJX Companies, Inc. (NYSE:TJX) Bought by Executive Wealth Management LLC

Executive Wealth Management LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX) in the third quarter, HoldingsChannel.com reports. The firm bought 31,833 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,742,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. boosted its stake in TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after purchasing an additional 5,207 shares during the period. Swedbank AB boosted its stake in TJX Companies by 45.9% in the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock worth $114,722,000 after purchasing an additional 327,684 shares during the period. EP Wealth Advisors LLC boosted its stake in TJX Companies by 229.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock worth $24,387,000 after purchasing an additional 154,342 shares during the period. Lombard Odier Asset Management Europe Ltd acquired a new position in TJX Companies in the 2nd quarter worth $2,310,000. Finally, Beck Capital Management LLC boosted its stake in TJX Companies by 38.8% in the 3rd quarter. Beck Capital Management LLC now owns 24,184 shares of the apparel and home fashions retailer’s stock worth $2,843,000 after purchasing an additional 6,763 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.1 %

TJX Companies stock opened at $125.91 on Tuesday. The stock has a market cap of $141.54 billion, a P/E ratio of 29.62, a P/E/G ratio of 3.10 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a twelve month low of $88.58 and a twelve month high of $128.00. The company’s 50-day moving average price is $118.26 and its two-hundred day moving average price is $114.58.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s dividend payout ratio is currently 35.29%.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent research reports. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Evercore ISI increased their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley increased their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $130.89.

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.