Private Advisor Group LLC Purchases 2,836 Shares of The TJX Companies, Inc. (NYSE:TJX)

Private Advisor Group LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,404 shares of the apparel and home fashions retailer’s stock after buying an additional 2,836 shares during the period. Private Advisor Group LLC’s holdings in TJX Companies were worth $10,861,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Richard W. Paul & Associates LLC bought a new position in TJX Companies in the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC lifted its position in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares during the last quarter. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies during the third quarter valued at $30,000. New Millennium Group LLC bought a new position in shares of TJX Companies in the second quarter worth about $34,000. Finally, Northwest Investment Counselors LLC purchased a new position in TJX Companies in the 3rd quarter worth about $37,000. Institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related 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 value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $114.19 on Friday. The business’s fifty day simple moving average is $116.67 and its 200-day simple moving average is $109.05. The TJX Companies, Inc. has a 12-month low of $86.92 and a 12-month high of $121.13. The company has a market cap of $128.79 billion, a PE ratio of 27.58, a PEG ratio of 2.91 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

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 for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.31%. TJX Companies’s dividend payout ratio is currently 36.23%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Barclays increased 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. BMO Capital Markets raised their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Finally, Morgan Stanley raised their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

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.