Harold Davidson & Associates Inc. Purchases 6,629 Shares of The TJX Companies, Inc. $TJX

Harold Davidson & Associates Inc. boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 25.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,720 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,629 shares during the period. TJX Companies accounts for about 2.1% of Harold Davidson & Associates Inc.’s holdings, making the stock its 11th biggest position. Harold Davidson & Associates Inc.’s holdings in TJX Companies were worth $4,729,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. High Note Wealth LLC boosted its stake in TJX Companies by 12.1% during the third quarter. High Note Wealth LLC now owns 667 shares of the apparel and home fashions retailer’s stock valued at $96,000 after buying an additional 72 shares during the period. Valley National Advisers Inc. raised its holdings in shares of TJX Companies by 2.3% in the 3rd quarter. Valley National Advisers Inc. now owns 3,271 shares of the apparel and home fashions retailer’s stock valued at $472,000 after acquiring an additional 73 shares in the last quarter. Webster Bank N. A. boosted its position in shares of TJX Companies by 1.6% during the 3rd quarter. Webster Bank N. A. now owns 4,574 shares of the apparel and home fashions retailer’s stock valued at $661,000 after acquiring an additional 73 shares during the last quarter. REAP Financial Group LLC grew its holdings in shares of TJX Companies by 12.1% during the third quarter. REAP Financial Group LLC now owns 676 shares of the apparel and home fashions retailer’s stock worth $98,000 after purchasing an additional 73 shares in the last quarter. Finally, Banco de Sabadell S.A increased its position in shares of TJX Companies by 0.4% in the second quarter. Banco de Sabadell S.A now owns 20,951 shares of the apparel and home fashions retailer’s stock worth $2,587,000 after purchasing an additional 77 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.40, for a total value of $75,700.00. Following the sale, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This trade represents a 2.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ernie Herrman sold 24,363 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the transaction, the chief executive officer directly owned 510,780 shares of the company’s stock, valued at approximately $77,286,121.80. This trade represents a 4.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on shares of TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Guggenheim upgraded TJX Companies to a “strong-buy” rating in a research report on Wednesday, December 10th. Robert W. Baird set a $168.00 price target on TJX Companies in a research note on Wednesday, December 17th. Bank of America increased their price objective on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $163.86.

TJX Companies Trading Up 0.2%

NYSE TJX opened at $157.27 on Thursday. The firm has a market cap of $174.64 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.74. The TJX Companies, Inc. has a 1-year low of $112.10 and a 1-year high of $159.48. The stock has a 50-day moving average of $154.56 and a 200-day moving average of $146.40. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The business had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. During the same period last year, the company earned $1.14 EPS. TJX Companies’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s payout ratio is presently 37.53%.

About TJX Companies

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.