Albion Financial Group UT Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Albion Financial Group UT grew its position in The TJX Companies, Inc. (NYSE:TJX) by 17.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,343 shares of the apparel and home fashions retailer’s stock after purchasing an additional 801 shares during the quarter. Albion Financial Group UT’s holdings in TJX Companies were worth $628,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Valued Wealth Advisors LLC raised its holdings in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the 2nd quarter valued at $25,000. OFI Invest Asset Management acquired a new stake in TJX Companies during the 1st quarter worth $30,000. AlphaMark Advisors LLC lifted its position in TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares during the last quarter. Finally, New Millennium Group LLC purchased a new position in shares of TJX Companies during the second quarter worth about $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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 stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citigroup downgraded 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 report on Thursday, August 22nd. Wells Fargo & Company upped their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. BMO Capital Markets lifted their target price on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Bank of America lifted their target price on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Loop Capital increased their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Stock Down 1.2 %

TJX stock opened at $112.59 on Friday. The TJX Companies, Inc. has a one year low of $86.92 and a one year high of $121.13. The stock has a market capitalization of $126.99 billion, a P/E ratio of 27.20, a PEG ratio of 2.88 and a beta of 0.89. The company has a 50 day moving average price of $115.63 and a two-hundred day moving average price of $107.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

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

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.33%. TJX Companies’s payout ratio is 36.23%.

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.