The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,526 shares of the apparel and home fashions retailer’s stock after purchasing an additional 102 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in TJX Companies were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Aviance Capital Partners LLC bought a new stake in TJX Companies in the first quarter valued at $250,000. Miracle Mile Advisors LLC lifted its position in TJX Companies by 151.4% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,185 shares of the apparel and home fashions retailer’s stock valued at $932,000 after purchasing an additional 5,531 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after purchasing an additional 122 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of TJX Companies by 17.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 424,656 shares of the apparel and home fashions retailer’s stock valued at $43,069,000 after purchasing an additional 61,677 shares during the period. Finally, SeaCrest Wealth Management LLC increased its stake in shares of TJX Companies by 9.0% in the first quarter. SeaCrest Wealth Management LLC now owns 11,478 shares of the apparel and home fashions retailer’s stock valued at $1,164,000 after purchasing an additional 948 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TJX shares. BMO Capital Markets increased their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Robert W. Baird increased their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Morgan Stanley lifted their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $126.76.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the business’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 in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.3 %

TJX Companies stock opened at $114.17 on Tuesday. The firm has a market cap of $128.77 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 2.88 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $87.05 and a 1 year high of $121.13. The firm’s 50 day moving average price is $116.81 and its two-hundred day moving average price is $109.51. 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 announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, research analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 14th. 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.