The TJX Companies, Inc. (NYSE:TJX) Stake Raised by AE Wealth Management LLC

AE Wealth Management LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,171 shares of the apparel and home fashions retailer’s stock after acquiring an additional 20,847 shares during the quarter. AE Wealth Management LLC’s holdings in TJX Companies were worth $20,387,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Valued Wealth Advisors LLC raised its position in TJX Companies by 260.3% in 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 in the last quarter. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies during the 2nd quarter worth about $25,000. Frazier Financial Advisors LLC acquired a new stake in TJX Companies during the 4th quarter worth about $27,000. OFI Invest Asset Management acquired a new stake in TJX Companies during the 1st quarter worth about $30,000. Finally, AlphaMark Advisors LLC raised its holdings in 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 buying an additional 122 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on TJX. Barclays boosted their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Robert W. Baird boosted their price objective 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 price objective on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Morgan Stanley boosted their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Trading Up 0.9 %

Shares of NYSE TJX opened at $118.29 on Friday. The stock has a market cap of $133.42 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 3.02 and a beta of 0.89. The business has a 50 day simple moving average of $114.76 and a 200 day simple moving average of $106.01. The TJX Companies, Inc. has a 52 week low of $86.71 and a 52 week high of $121.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

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 the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. On average, research analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.27%. TJX Companies’s payout ratio is 37.22%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

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.