Great Valley Advisor Group Inc. Buys 12,724 Shares of The TJX Companies, Inc. (NYSE:TJX)

Great Valley Advisor Group Inc. boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 49.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,501 shares of the apparel and home fashions retailer’s stock after buying an additional 12,724 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in TJX Companies were worth $4,525,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Stablepoint Partners LLC boosted its holdings in shares of TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock valued at $3,164,000 after purchasing an additional 89 shares during the period. Dearborn Partners LLC raised its position in TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after purchasing an additional 90 shares in the last quarter. Concorde Asset Management LLC lifted its holdings in shares of TJX Companies by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after buying an additional 90 shares during the period. Signature Estate & Investment Advisors LLC grew its position in shares of TJX Companies by 3.4% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after buying an additional 90 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of TJX Companies by 3.8% during the third quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock valued at $295,000 after buying an additional 91 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TJX. Evercore ISI increased their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group lifted their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Jefferies Financial Group boosted their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley increased their target price on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Loop Capital boosted their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $121.47 on Friday. The company has a 50 day moving average price of $116.52 and a 200 day moving average price of $112.41. The firm has a market capitalization of $137.00 billion, a P/E ratio of 28.58, a PEG ratio of 3.05 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $122.10.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during 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 quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 35.29%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

TJX Companies Company 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.