Savvy Advisors Inc. Buys New Position in The TJX Companies, Inc. (NYSE:TJX)

Savvy Advisors Inc. acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,886 shares of the apparel and home fashions retailer’s stock, valued at approximately $339,000.

Several other large investors have also recently made changes to their positions in the business. Richard W. Paul & Associates LLC bought a new position in TJX Companies during the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies in the third quarter worth $30,000. New Millennium Group LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC purchased a new position in shares of TJX Companies in the second quarter worth $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 1.5 %

NYSE:TJX opened at $119.85 on Wednesday. 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 TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $121.13. The company has a 50-day moving average of $116.09 and a 200 day moving average of $110.97. The firm has a market cap of $135.18 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89.

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 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 firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated 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 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 ownership of the stock. 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.

Analyst Ratings Changes

A number of research firms have recently issued reports on TJX. TD Cowen raised their price target on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. UBS Group upped 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. Telsey Advisory Group restated an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a research report on Wednesday, August 21st. Loop Capital increased their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

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.