BLB&B Advisors LLC Grows Position in The TJX Companies, Inc. (NYSE:TJX)

BLB&B Advisors LLC raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.2% during the third quarter, HoldingsChannel reports. The firm owned 78,878 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,903 shares during the period. BLB&B Advisors LLC’s holdings in TJX Companies were worth $9,271,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Valued Wealth Advisors LLC lifted its holdings in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares during the period. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies in the 2nd quarter worth $25,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies during the 3rd quarter worth $30,000. AlphaMark Advisors LLC boosted its position in TJX Companies by 58.4% during the first 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 in the last quarter. Finally, New Millennium Group LLC purchased a new position in TJX Companies in the second quarter valued at about $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE:TJX opened at $115.19 on Wednesday. The stock has a market capitalization of $129.92 billion, a PE ratio of 27.82, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $86.92 and a 52 week high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $116.57 and its 200-day moving average price is $109.01.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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 given 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 1.30%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Transactions at TJX Companies

In related 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 of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TJX shares. Wells Fargo & Company raised their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Bank of America raised their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Robert W. Baird raised their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. BMO Capital Markets upped their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” 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 note on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.