GoalVest Advisory LLC Has $620,000 Position in The TJX Companies, Inc. (NYSE:TJX)

GoalVest Advisory LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,276 shares of the apparel and home fashions retailer’s stock after purchasing an additional 176 shares during the quarter. GoalVest Advisory LLC’s holdings in TJX Companies were worth $620,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in TJX. Schear Investment Advisers LLC lifted its stake in TJX Companies by 5.6% in the third quarter. Schear Investment Advisers LLC now owns 13,739 shares of the apparel and home fashions retailer’s stock valued at $1,615,000 after acquiring an additional 734 shares during the last quarter. Schneider Downs Wealth Management Advisors LP acquired a new stake in TJX Companies in the third quarter valued at approximately $206,000. Maxwell Wealth Strategies Inc. lifted its stake in TJX Companies by 19.9% in the third quarter. Maxwell Wealth Strategies Inc. now owns 27,644 shares of the apparel and home fashions retailer’s stock valued at $3,145,000 after acquiring an additional 4,590 shares during the last quarter. Natixis Advisors LLC lifted its stake in TJX Companies by 3.8% in the third quarter. Natixis Advisors LLC now owns 1,276,467 shares of the apparel and home fashions retailer’s stock valued at $150,036,000 after acquiring an additional 47,060 shares during the last quarter. Finally, Mizuho Securities USA LLC lifted its stake in TJX Companies by 240.3% in the third quarter. Mizuho Securities USA LLC now owns 297,199 shares of the apparel and home fashions retailer’s stock valued at $34,933,000 after acquiring an additional 209,876 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s 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 in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Trading Up 0.1 %

Shares of TJX Companies stock opened at $119.97 on Friday. 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 company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The company’s fifty day moving average price is $116.33 and its two-hundred day moving average price is $111.56. The TJX Companies, Inc. has a 52-week low of $87.26 and a 52-week high of $122.10.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio is presently 36.23%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Barclays lifted their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Loop Capital lifted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Bank of America lifted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $127.41.

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.