Ameliora Wealth Management Ltd. Buys 436 Shares of The TJX Companies, Inc. (NYSE:TJX)

Ameliora Wealth Management Ltd. lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,289 shares of the apparel and home fashions retailer’s stock after purchasing an additional 436 shares during the quarter. Ameliora Wealth Management Ltd.’s holdings in TJX Companies were worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Running Oak Capital LLC lifted its position in shares of TJX Companies by 10.9% in the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after purchasing an additional 11,036 shares during the period. New Mexico Educational Retirement Board lifted its position in shares of TJX Companies by 15.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after purchasing an additional 9,500 shares during the period. Advisors Capital Management LLC lifted its position in shares of TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after purchasing an additional 20,629 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of TJX Companies by 9.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock worth $13,874,000 after purchasing an additional 11,447 shares during the period. Finally, Meyer Handelman Co. lifted its position in shares of TJX Companies by 27.5% in the 1st quarter. Meyer Handelman Co. now owns 166,574 shares of the apparel and home fashions retailer’s stock worth $16,894,000 after purchasing an additional 35,879 shares during the period. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of research reports. Barclays boosted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Loop Capital boosted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. TD Cowen boosted their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, UBS Group boosted their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

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 dated 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 directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

TJX traded up $1.14 during trading on Friday, hitting $113.73. 3,865,588 shares of the company traded hands, compared to its average volume of 4,549,033. The firm has a market cap of $128.27 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89. The stock’s fifty day moving average is $115.64 and its 200 day moving average is $108.09. 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 one year low of $86.92 and a one year high of $121.13.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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 given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.32%. TJX Companies’s payout ratio is currently 36.23%.

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.