BIP Wealth LLC Makes New $215,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

BIP Wealth LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,829 shares of the apparel and home fashions retailer’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the second quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the 3rd quarter valued at approximately $30,000. New Millennium Group LLC acquired a new stake in TJX Companies in the second quarter valued at approximately $34,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of TJX Companies during the third quarter worth $37,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.1 %

NYSE TJX opened at $119.57 on Wednesday. The stock has a market capitalization of $134.86 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.03 and a beta of 0.89. The business has a 50 day simple moving average of $116.42 and a 200 day simple moving average of $112.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $122.10.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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%. TJX Companies’s revenue for the quarter 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. Research analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 36.23%.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TJX. UBS Group boosted their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company upped their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. TD Cowen lifted their target price on shares of TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Finally, Evercore ISI lifted their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $127.41.

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.