Graham Capital Wealth Management LLC Purchases Shares of 1,850 The TJX Companies, Inc. (NYSE:TJX)

Graham Capital Wealth Management LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to its most recent filing with the SEC. The fund purchased 1,850 shares of the apparel and home fashions retailer’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Aveo Capital Partners LLC increased its holdings in shares of TJX Companies by 6.0% in the 4th quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock worth $335,000 after buying an additional 203 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in shares of TJX Companies by 35.9% in 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 buying an additional 768 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of TJX Companies in the 4th quarter worth about $400,000. KBC Group NV increased its holdings in shares of TJX Companies by 30.6% in the 4th quarter. KBC Group NV now owns 322,446 shares of the apparel and home fashions retailer’s stock worth $30,248,000 after buying an additional 75,598 shares during the last quarter. Finally, NEOS Investment Management LLC increased its holdings in shares of TJX Companies by 36.2% in the 4th quarter. NEOS Investment Management LLC now owns 16,228 shares of the apparel and home fashions retailer’s stock worth $1,522,000 after buying an additional 4,312 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Robert W. Baird upped their price target on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Loop Capital upped their price target 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. Wells Fargo & Company upped their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Finally, Barclays upped their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Trading Up 0.0 %

Shares of TJX Companies stock opened at $117.54 on Tuesday. 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 12-month low of $86.71 and a 12-month high of $121.13. The firm has a market capitalization of $132.57 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 2.97 and a beta of 0.89. The firm’s 50 day simple moving average is $115.34 and its two-hundred day simple moving average is $107.16.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $13.31 billion. During the same quarter in the prior year, the business posted $0.85 EPS. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Announces Dividend

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 paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.28%. TJX Companies’s payout ratio is 37.22%.

Insider Buying and Selling 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 shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

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.