Sound View Wealth Advisors Group LLC Purchases 3,327 Shares of The TJX Companies, Inc. (NYSE:TJX)

Sound View Wealth Advisors Group LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 23.5% during the 4th quarter, HoldingsChannel reports. The fund owned 17,509 shares of the apparel and home fashions retailer’s stock after buying an additional 3,327 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in TJX Companies were worth $2,115,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC raised its stake in shares of TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after purchasing an additional 69,489 shares in the last quarter. Kornitzer Capital Management Inc. KS raised its stake in TJX Companies by 15.1% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 12,172 shares of the apparel and home fashions retailer’s stock valued at $1,431,000 after acquiring an additional 1,595 shares during the period. Portside Wealth Group LLC raised its stake in TJX Companies by 18.1% in the 3rd quarter. Portside Wealth Group LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock valued at $256,000 after acquiring an additional 334 shares during the period. TFB Advisors LLC raised its stake in TJX Companies by 4.2% in the 3rd quarter. TFB Advisors LLC now owns 3,209 shares of the apparel and home fashions retailer’s stock valued at $377,000 after acquiring an additional 129 shares during the period. Finally, AIA Group Ltd raised its stake in TJX Companies by 2.2% in the 3rd quarter. AIA Group Ltd now owns 17,668 shares of the apparel and home fashions retailer’s stock valued at $2,077,000 after acquiring an additional 376 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $119.18 on Friday. The stock has a market cap of $133.98 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average is $122.77 and its 200-day moving average is $120.36. The TJX Companies, Inc. has a 1-year low of $92.35 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Thursday, February 13th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.26%. The ex-dividend date was Thursday, February 13th. TJX Companies’s payout ratio is presently 35.21%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TJX. Wells Fargo & Company increased their price target on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. TD Cowen boosted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Guggenheim boosted their price target on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Morgan Stanley boosted their price target on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $135.06.

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.