Tradition Wealth Management LLC Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Tradition Wealth Management LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,755 shares of the apparel and home fashions retailer’s stock after acquiring an additional 95 shares during the quarter. Tradition Wealth Management LLC’s holdings in TJX Companies were worth $441,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV boosted its holdings in TJX Companies by 12.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 6,380 shares of the apparel and home fashions retailer’s stock worth $702,000 after buying an additional 699 shares in the last quarter. Quent Capital LLC grew its position in shares of TJX Companies by 7.5% during the 2nd quarter. Quent Capital LLC now owns 3,788 shares of the apparel and home fashions retailer’s stock valued at $417,000 after acquiring an additional 264 shares during the period. Mather Group LLC. increased its stake in shares of TJX Companies by 8.4% in the 2nd quarter. Mather Group LLC. now owns 9,056 shares of the apparel and home fashions retailer’s stock valued at $918,000 after purchasing an additional 703 shares in the last quarter. Baker Ellis Asset Management LLC acquired a new position in TJX Companies in the 2nd quarter worth about $266,000. Finally, Olistico Wealth LLC raised its holdings in TJX Companies by 48.6% in the 2nd quarter. Olistico Wealth LLC now owns 3,670 shares of the apparel and home fashions retailer’s stock worth $404,000 after purchasing an additional 1,200 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TJX. BMO Capital Markets boosted their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. TD Cowen boosted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Wednesday, November 20th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Evercore ISI raised their price target on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Trading Down 0.5 %

Shares of TJX opened at $125.69 on Monday. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $128.00. The firm has a market capitalization of $141.76 billion, a P/E ratio of 29.57, a P/E/G ratio of 3.09 and a beta of 0.90. The firm has a 50-day moving average price of $117.29 and a 200 day moving average price of $113.46. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the firm earned $1.03 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared 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. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred 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 directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.13% of the company’s stock.

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.