Strategic Wealth Partners Ltd. Purchases 3,344 Shares of The TJX Companies, Inc. (NYSE:TJX)

Strategic Wealth Partners Ltd. lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,095 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,344 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in TJX Companies were worth $7,769,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TJX. Campbell & CO Investment Adviser LLC bought a new stake in shares of TJX Companies in the 4th quarter worth about $400,000. Cresset Asset Management LLC lifted its holdings in shares of TJX Companies by 2.3% in the 4th quarter. Cresset Asset Management LLC now owns 187,481 shares of the apparel and home fashions retailer’s stock worth $17,588,000 after acquiring an additional 4,247 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of TJX Companies in the 4th quarter worth about $4,952,000. VitalStone Financial LLC lifted its holdings in shares of TJX Companies by 561.4% in the 4th quarter. VitalStone Financial LLC now owns 668 shares of the apparel and home fashions retailer’s stock worth $63,000 after acquiring an additional 567 shares during the last quarter. Finally, Pathstone Holdings LLC bought a new stake in shares of TJX Companies in the 4th quarter worth about $69,310,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Barclays lifted their price objective 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. Finally, BMO Capital Markets lifted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 1.2 %

Shares of TJX Companies stock opened at $113.45 on Wednesday. The firm’s 50 day moving average price is $115.63 and its 200-day moving average price is $107.75. 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 TJX Companies, Inc. has a 52-week low of $86.92 and a 52-week high of $121.13. The company has a market cap 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 issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is currently 37.22%.

About TJX Companies

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.