49 Wealth Management LLC Purchases New Shares in The TJX Companies, Inc. (NYSE:TJX)

49 Wealth Management LLC purchased 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 purchased 1,721 shares of the apparel and home fashions retailer’s stock, valued at approximately $202,000.

Several other institutional investors have also added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at $25,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the 3rd quarter valued at $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at $30,000. New Millennium Group LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at $34,000. Finally, Anfield Capital Management LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at $37,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Barclays boosted their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Jefferies Financial Group boosted their price target on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Loop Capital boosted their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Wednesday. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Trading Up 1.4 %

Shares of TJX stock opened at $121.47 on Friday. The stock has a market cap of $137.00 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.01 and a beta of 0.89. The stock has a 50-day moving average of $116.52 and a 200-day moving average of $112.31. The company has a current ratio of 1.19, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced 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 dividend yield of 1.23%. TJX Companies’s payout ratio is 35.29%.

TJX Companies 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.