Creative Planning Purchases 16,883 Shares of The TJX Companies, Inc. (NYSE:TJX)

Creative Planning raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,654 shares of the apparel and home fashions retailer’s stock after buying an additional 16,883 shares during the quarter. Creative Planning’s holdings in TJX Companies were worth $38,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TJX. Valued Wealth Advisors LLC increased its stake in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 177 shares during the last quarter. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies during the 2nd quarter valued at $25,000. OFI Invest Asset Management purchased a new stake in TJX Companies during the 1st quarter valued at $30,000. AlphaMark Advisors LLC boosted its stake in TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares during the period. Finally, New Millennium Group LLC purchased a new position in TJX Companies during the second quarter worth $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX stock opened at $117.71 on Monday. The firm has a 50-day simple moving average of $116.40 and a two-hundred day simple moving average of $108.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a one year low of $86.92 and a one year high of $121.13. The firm has a market cap of $132.76 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.97 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 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. On average, equities analysts forecast 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 issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TJX. TD Cowen increased their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird raised their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” 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. Wells Fargo & Company increased their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Finally, UBS Group boosted their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

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.