Menard Financial Group LLC Has $663,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Menard Financial Group LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,639 shares of the apparel and home fashions retailer’s stock after buying an additional 292 shares during the quarter. Menard Financial Group LLC’s holdings in TJX Companies were worth $663,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TJX. Mission Creek Capital Partners Inc. boosted its stake in TJX Companies by 3.9% in the 3rd quarter. Mission Creek Capital Partners Inc. now owns 12,125 shares of the apparel and home fashions retailer’s stock worth $1,425,000 after purchasing an additional 460 shares during the period. Morse Asset Management Inc lifted its stake in TJX Companies by 10.6% in the 3rd quarter. Morse Asset Management Inc now owns 3,015 shares of the apparel and home fashions retailer’s stock valued at $354,000 after acquiring an additional 290 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of TJX Companies by 10.0% during the 3rd quarter. IHT Wealth Management LLC now owns 11,867 shares of the apparel and home fashions retailer’s stock worth $1,392,000 after acquiring an additional 1,081 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of TJX Companies by 14.4% in the third quarter. Integrated Wealth Concepts LLC now owns 29,956 shares of the apparel and home fashions retailer’s stock worth $3,521,000 after purchasing an additional 3,780 shares in the last quarter. Finally, Investment Management Corp of Ontario increased its stake in TJX Companies by 201.9% in the 3rd quarter. Investment Management Corp of Ontario now owns 76,540 shares of the apparel and home fashions retailer’s stock valued at $8,997,000 after buying an additional 51,189 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock opened at $124.75 on Wednesday. The stock’s 50 day moving average is $117.61 and its 200 day moving average is $113.83. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $128.00. The firm has a market cap of $140.70 billion, a P/E ratio of 29.35, a P/E/G ratio of 3.10 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

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

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 35.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Evercore ISI upped their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. BMO Capital Markets increased their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research note on Wednesday, November 20th. Barclays raised their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, TD Cowen raised their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.47.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction 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 completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

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.