Braun Stacey Associates Inc. Buys 8,803 Shares of The TJX Companies, Inc. (NYSE:TJX)

Braun Stacey Associates Inc. lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,269 shares of the apparel and home fashions retailer’s stock after acquiring an additional 8,803 shares during the period. Braun Stacey Associates Inc.’s holdings in TJX Companies were worth $26,478,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Richard W. Paul & Associates LLC bought a new stake in TJX Companies during the second quarter valued at $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the third quarter valued at $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter valued at $30,000. New Millennium Group LLC bought a new stake in TJX Companies during the second quarter valued at $34,000. Finally, Anfield Capital Management LLC bought a new stake in TJX Companies during the second quarter valued at $37,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

TJX stock opened at $119.97 on Monday. The stock 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 TJX Companies, Inc. has a 12-month low of $87.26 and a 12-month high of $122.10. 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 stock’s 50 day simple moving average is $116.33 and its 200 day simple moving average is $111.69.

TJX Companies (NYSE:TJX) last released 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 analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TJX. BMO Capital Markets raised their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Morgan Stanley raised their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. TD Cowen lifted their price objective on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Barclays lifted their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, Loop Capital lifted their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $127.41.

Insider Buying and Selling at TJX Companies

In other TJX Companies 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 transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.