The TJX Companies, Inc. (NYSE:TJX) Shares Bought by LPL Financial LLC

LPL Financial LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 3.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 875,211 shares of the apparel and home fashions retailer’s stock after purchasing an additional 32,806 shares during the quarter. LPL Financial LLC owned approximately 0.08% of TJX Companies worth $102,872,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Richard W. Paul & Associates LLC bought a new position in TJX Companies during the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies in the third quarter worth $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter valued at $30,000. New Millennium Group LLC acquired a new stake in shares of TJX Companies during the second quarter worth $34,000. Finally, Anfield Capital Management LLC bought a new position in shares of TJX Companies in the 2nd quarter worth about $37,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 1.4 %

TJX opened at $121.47 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19. The company has a market capitalization of $137.00 billion, a PE ratio of 28.58, a P/E/G ratio of 3.01 and a beta of 0.89. The stock’s fifty day moving average is $116.52 and its 200-day moving average is $112.41. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $122.10.

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

TJX Companies Dividend Announcement

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

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

TJX has been the topic of several research reports. Loop Capital increased their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI raised their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday. Robert W. Baird upped their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Bank of America raised their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, UBS Group upped their price target on shares of TJX Companies from $134.00 to $148.00 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 assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $129.47.

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.