2,084 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by World Equity Group Inc.

World Equity Group Inc. bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,084 shares of the apparel and home fashions retailer’s stock, valued at approximately $245,000.

Other institutional investors also recently modified their holdings of the company. Norden Group LLC bought a new position in TJX Companies during the first quarter worth about $289,000. Diversify Advisory Services LLC bought a new position in shares of TJX Companies in the first quarter worth approximately $236,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in TJX Companies by 3.7% during the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,795 shares of the apparel and home fashions retailer’s stock worth $486,000 after purchasing an additional 170 shares during the last quarter. Choreo LLC purchased a new position in TJX Companies in the 1st quarter worth $217,000. Finally, Mutual Advisors LLC increased its stake in shares of TJX Companies by 22.5% in the first quarter. Mutual Advisors LLC now owns 17,098 shares of the apparel and home fashions retailer’s stock worth $1,734,000 after buying an additional 3,138 shares during the period. 91.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted 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. Loop Capital upped their price objective on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Barclays raised their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by insiders.

TJX Companies Stock Up 0.3 %

Shares of NYSE:TJX opened at $112.69 on Tuesday. 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 business has a 50 day simple moving average of $116.27 and a two-hundred day simple moving average of $110.21. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $121.13. The firm has a market capitalization of $127.10 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 2.84 and a beta of 0.89.

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, topping analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, equities analysts predict that The TJX Companies, Inc. will post 4.15 EPS 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. This represents a $1.50 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

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.