Alpha Cubed Investments LLC Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Alpha Cubed Investments LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 27.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,485 shares of the apparel and home fashions retailer’s stock after buying an additional 535 shares during the period. Alpha Cubed Investments LLC’s holdings in TJX Companies were worth $292,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC purchased a new position in TJX Companies during the fourth quarter valued at $400,000. Cresset Asset Management LLC lifted its position in shares of TJX Companies by 2.3% during the 4th quarter. Cresset Asset Management LLC now owns 187,481 shares of the apparel and home fashions retailer’s stock valued at $17,588,000 after buying an additional 4,247 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of TJX Companies during the 4th quarter valued at approximately $4,952,000. VitalStone Financial LLC grew its stake in shares of TJX Companies by 561.4% during the 4th quarter. VitalStone Financial LLC now owns 668 shares of the apparel and home fashions retailer’s stock valued at $63,000 after acquiring an additional 567 shares during the period. Finally, Pathstone Holdings LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $69,310,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TJX shares. Loop Capital lifted 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. TD Cowen upped their target price on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Finally, UBS Group increased their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three research 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Buying and Selling

In other TJX Companies 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 owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $113.45 on Wednesday. The firm has a fifty day simple moving average of $115.63 and a two-hundred day simple moving average of $107.75. The TJX Companies, Inc. has a 52 week low of $86.92 and a 52 week high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $127.96 billion, a P/E ratio of 28.15, a PEG ratio of 2.90 and a beta of 0.89.

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 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 firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.32%. TJX Companies’s payout ratio is presently 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.