Adero Partners LLC Acquires 164 Shares of The TJX Companies, Inc. (NYSE:TJX)

Adero Partners LLC grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,206 shares of the apparel and home fashions retailer’s stock after buying an additional 164 shares during the period. Adero Partners LLC’s holdings in TJX Companies were worth $377,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. First Trust Direct Indexing L.P. lifted its position in shares of TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after buying an additional 5,207 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of TJX Companies by 9.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock valued at $13,874,000 after buying an additional 11,447 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the last quarter. Swedbank AB lifted its position in shares of TJX Companies by 45.9% during the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock valued at $114,722,000 after buying an additional 327,684 shares during the last quarter. Finally, UniSuper Management Pty Ltd lifted its position in shares of TJX Companies by 176.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer’s stock valued at $2,565,000 after buying an additional 16,148 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $119.97 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $135.31 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The business’s 50-day moving average price is $116.33 and its 200-day moving average price is $111.56. The TJX Companies, Inc. has a 12 month low of $87.26 and a 12 month high of $122.10.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies’s payout ratio is 36.23%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on TJX shares. Evercore ISI upped their price target on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. 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. UBS Group increased their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. TD Cowen increased their price objective on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Finally, Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.41.

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.