The TJX Companies, Inc. (NYSE:TJX) Position Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 35.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,725 shares of the apparel and home fashions retailer’s stock after acquiring an additional 21,937 shares during the quarter. NewEdge Advisors LLC’s holdings in TJX Companies were worth $9,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Nemes Rush Group LLC grew its stake in shares of TJX Companies by 8.2% in the 2nd quarter. Nemes Rush Group LLC now owns 34,774 shares of the apparel and home fashions retailer’s stock valued at $3,829,000 after buying an additional 2,647 shares in the last quarter. Magnolia Capital Advisors LLC bought a new stake in shares of TJX Companies in the 2nd quarter valued at approximately $4,401,000. Creative Planning grew its stake in shares of TJX Companies by 3.9% in the 2nd quarter. Creative Planning now owns 306,771 shares of the apparel and home fashions retailer’s stock valued at $33,775,000 after buying an additional 11,374 shares in the last quarter. Algert Global LLC grew its stake in shares of TJX Companies by 36.8% in the 2nd quarter. Algert Global LLC now owns 4,608 shares of the apparel and home fashions retailer’s stock valued at $507,000 after buying an additional 1,240 shares in the last quarter. Finally, Ascent Group LLC grew its stake in shares of TJX Companies by 6.5% in the 2nd quarter. Ascent Group LLC now owns 48,992 shares of the apparel and home fashions retailer’s stock valued at $5,394,000 after buying an additional 3,003 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $117.54 on Tuesday. The business has a fifty day simple moving average of $115.34 and a 200 day simple moving average of $107.16. 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 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 TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13.

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

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is presently 37.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. UBS Group boosted their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Loop Capital boosted their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Robert W. Baird boosted their target price on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI boosted their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Finally, BMO Capital Markets boosted their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the 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 sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

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.