Heritage Wealth Management Inc. purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,850 shares of the apparel and home fashions retailer’s stock, valued at approximately $207,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valued Wealth Advisors LLC lifted its position in shares of 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 worth $25,000 after buying an additional 177 shares during the period. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies in the 2nd quarter worth about $25,000. OFI Invest Asset Management bought a new stake in shares of TJX Companies in the 1st quarter worth about $30,000. AlphaMark Advisors LLC increased its position in shares of 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 worth $34,000 after purchasing an additional 122 shares in the last quarter. Finally, New Millennium Group LLC bought a new position in TJX Companies during the 2nd quarter valued at about $34,000. Institutional investors own 91.09% of the company’s stock.
Insider Activity
In related news, CEO Ernie Herrman sold 15,000 shares of the business’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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The sale was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on TJX Companies
TJX Companies Stock Performance
Shares of TJX Companies stock opened at $115.06 on Friday. The stock’s fifty day simple moving average is $115.58 and its 200 day simple moving average is $107.41. 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 company has a market capitalization of $129.77 billion, a PE ratio of 28.55, a PEG ratio of 2.94 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13.
TJX Companies (NYSE:TJX – Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. On average, research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.
TJX Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 37.22%.
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.
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