Commonwealth Equity Services LLC Increases Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Commonwealth Equity Services LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 4.4% during the second quarter, HoldingsChannel.com reports. The fund owned 278,406 shares of the apparel and home fashions retailer’s stock after purchasing an additional 11,655 shares during the quarter. Commonwealth Equity Services LLC’s holdings in TJX Companies were worth $23,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tucker Asset Management LLC acquired a new stake in shares of TJX Companies during the first quarter worth $25,000. ZRC Wealth Management LLC acquired a new stake in shares of TJX Companies during the second quarter worth $25,000. Glass Jacobson Investment Advisors llc acquired a new stake in shares of TJX Companies during the second quarter worth $25,000. Steward Financial Group LLC acquired a new stake in shares of TJX Companies during the second quarter worth $26,000. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of TJX Companies during the fourth quarter worth $27,000. 89.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. Citigroup increased their price target on TJX Companies from $90.00 to $103.00 and gave the stock a “buy” rating in a report on Thursday, August 17th. Telsey Advisory Group increased their price target on TJX Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Loop Capital raised their target price on TJX Companies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, September 6th. BMO Capital Markets raised their target price on TJX Companies from $85.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. Finally, Jefferies Financial Group raised their target price on TJX Companies from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.11.

TJX Companies Trading Up 0.8 %

TJX Companies stock opened at $89.54 on Tuesday. The stock has a market cap of $102.44 billion, a PE ratio of 25.37, a P/E/G ratio of 2.11 and a beta of 0.91. The stock has a 50-day moving average price of $89.63 and a 200 day moving average price of $85.88. The TJX Companies, Inc. has a 52 week low of $72.92 and a 52 week high of $93.78. The company has a current ratio of 1.19, a quick ratio of 0.56 and a debt-to-equity ratio of 0.42.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.99 by $0.04. The company had revenue of $13.27 billion during the quarter, compared to analysts’ expectations of $13.09 billion. TJX Companies had a return on equity of 62.67% and a net margin of 7.85%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Equities research analysts predict that The TJX Companies, Inc. will post 3.74 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.3325 per share. This represents a $1.33 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Wednesday, November 8th. TJX Companies’s payout ratio is currently 37.68%.

Insider Transactions at TJX Companies

In other news, EVP Kenneth Canestrari sold 4,197 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total transaction of $377,730.00. Following the completion of the sale, the executive vice president now owns 115,223 shares in the company, valued at approximately $10,370,070. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Kenneth Canestrari sold 4,197 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total transaction of $377,730.00. Following the completion of the sale, the executive vice president now owns 115,223 shares in the company, valued at approximately $10,370,070. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 35,907 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $89.29, for a total value of $3,206,136.03. Following the sale, the chief executive officer now owns 595,191 shares of the company’s stock, valued at approximately $53,144,604.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,921 shares of company stock worth $9,490,639. 0.13% of the stock is currently owned by company insiders.

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.