The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,844 shares of the apparel and home fashions retailer’s stock after acquiring an additional 328 shares during the period. Legacy Financial Advisors Inc.’s holdings in TJX Companies were worth $864,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Valued Wealth Advisors LLC increased its stake in TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC purchased a new position in TJX Companies in the 2nd quarter worth $25,000. Frazier Financial Advisors LLC purchased a new position in TJX Companies in the 4th quarter worth $27,000. OFI Invest Asset Management acquired a new stake in TJX Companies during the 1st quarter worth about $30,000. Finally, AlphaMark Advisors LLC grew its stake in TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. TD Cowen raised their price objective on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America raised their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Loop Capital upped their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Finally, Evercore ISI boosted their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

NYSE TJX opened at $117.90 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a twelve month low of $86.71 and a twelve month high of $121.13. The stock has a 50-day moving average of $114.83 and a 200 day moving average of $106.15. The stock has a market capitalization of $133.24 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 3.02 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period last year, the firm posted $0.85 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 37.22%.

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.