The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174,781 shares of the apparel and home fashions retailer’s stock after acquiring an additional 8,866 shares during the period. ProShare Advisors LLC’s holdings in TJX Companies were worth $19,243,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TJX. Aveo Capital Partners LLC lifted its position in TJX Companies by 6.0% in the fourth quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock valued at $335,000 after buying an additional 203 shares during the last quarter. 9258 Wealth Management LLC lifted its holdings in shares of TJX Companies by 36.6% in the 4th quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock worth $1,268,000 after acquiring an additional 3,624 shares during the last quarter. Gryphon Financial Partners LLC boosted its position in shares of TJX Companies by 35.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock worth $249,000 after purchasing an additional 768 shares during the period. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in TJX Companies in the 4th quarter valued at approximately $1,362,000. Finally, Eaton Financial Holdings Company LLC raised its position in TJX Companies by 2.9% in the fourth quarter. Eaton Financial Holdings Company LLC now owns 16,461 shares of the apparel and home fashions retailer’s stock valued at $1,544,000 after purchasing an additional 460 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.7 %

NYSE:TJX opened at $117.12 on Tuesday. The TJX Companies, Inc. has a 1 year low of $86.71 and a 1 year high of $121.13. The stock has a market cap of $132.36 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The stock has a 50-day simple moving average of $114.90 and a 200-day simple moving average of $106.43.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 37.22%.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research reports. Wells Fargo & Company lifted their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. TD Cowen increased their price target on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird increased their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average price target of $126.76.

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.