My Legacy Advisors LLC Has $1.42 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

My Legacy Advisors LLC trimmed its position in The TJX Companies, Inc. (NYSE:TJX) by 13.3% during the third quarter, HoldingsChannel.com reports. The fund owned 12,066 shares of the apparel and home fashions retailer’s stock after selling 1,843 shares during the quarter. My Legacy Advisors LLC’s holdings in TJX Companies were worth $1,418,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. New Mexico Educational Retirement Board raised its position in TJX Companies by 15.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after purchasing an additional 9,500 shares during the period. Advisors Capital Management LLC lifted its position in TJX Companies by 3.7% during the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock valued at $58,045,000 after purchasing an additional 20,629 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of TJX Companies by 9.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock valued at $13,874,000 after acquiring an additional 11,447 shares during the period. Chatham Capital Group Inc. increased its stake in TJX Companies by 101.9% in the 1st quarter. Chatham Capital Group Inc. now owns 15,150 shares of the apparel and home fashions retailer’s stock worth $1,537,000 after buying an additional 7,648 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position 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 valued at $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company increased their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. TD Cowen raised their price target on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. UBS Group lifted their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group upped their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen 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 $126.76.

TJX Companies Trading Down 0.6 %

Shares of NYSE:TJX traded down $0.64 during midday trading on Tuesday, reaching $115.02. 1,247,542 shares of the company’s stock were exchanged, compared to its average volume of 5,270,915. The stock has a market cap of $129.73 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 2.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm’s 50 day simple moving average is $116.48 and its two-hundred day simple moving average is $108.88. The TJX Companies, Inc. has a fifty-two week low of $86.92 and a fifty-two week high of $121.13.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data 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 return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.15 EPS 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. Stockholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

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.