OneAscent Financial Services LLC Takes Position in The TJX Companies, Inc. (NYSE:TJX)

OneAscent Financial Services LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,650 shares of the apparel and home fashions retailer’s stock, valued at approximately $312,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in TJX Companies by 2.7% in the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after buying an additional 346,938 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in 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 worth $1,249,237,000 after acquiring an additional 3,255,849 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after purchasing an additional 3,063,318 shares during the period. Dimensional Fund Advisors LP increased its stake in TJX Companies by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock valued at $689,812,000 after purchasing an additional 662,681 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in TJX Companies by 14.2% in the second quarter. 1832 Asset Management L.P. now owns 6,116,142 shares of the apparel and home fashions retailer’s stock worth $673,387,000 after purchasing an additional 759,427 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock opened at $119.57 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $122.10. The stock has a market capitalization of $134.86 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The stock has a fifty day moving average of $116.42 and a 200-day moving average of $112.04.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.85 earnings per share. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TJX shares. Evercore ISI upped their price target on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Barclays boosted their price target on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Loop Capital lifted their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Jefferies Financial Group upped their price target on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, 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 report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.41.

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.