Cyndeo Wealth Partners LLC Buys 43,431 Shares of The TJX Companies, Inc. (NYSE:TJX)

Cyndeo Wealth Partners LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 101.9% during the third quarter, HoldingsChannel reports. The firm owned 86,073 shares of the apparel and home fashions retailer’s stock after purchasing an additional 43,431 shares during the period. Cyndeo Wealth Partners LLC’s holdings in TJX Companies were worth $10,117,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TJX. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the second quarter worth about $25,000. Valued Wealth Advisors LLC lifted its stake in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after acquiring an additional 177 shares during the period. New Millennium Group LLC purchased a new stake in TJX Companies in the second quarter worth about $34,000. OFI Invest Asset Management purchased a new stake in TJX Companies in the first quarter worth about $30,000. Finally, AlphaMark Advisors LLC lifted its stake 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 worth $34,000 after acquiring an additional 122 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets increased their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $128.00 price target on shares of TJX Companies in a research report on Wednesday, August 21st. Wells Fargo & Company increased 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. TD Cowen increased their price target 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. Finally, UBS Group increased their price target 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 investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $126.76.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $117.71 on Friday. The TJX Companies, Inc. has a 52-week low of $86.92 and a 52-week high of $121.13. The firm’s 50-day moving average price is $116.40 and its 200-day moving average price is $108.66. 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 company has a market cap of $132.76 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the prior year, the company earned $0.85 EPS. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal 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 paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.27%. 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.