NewEdge Wealth LLC Increases Stock Position in The TJX Companies, Inc. $TJX

NewEdge Wealth LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.3% during the third quarter, Holdings Channel reports. The firm owned 92,160 shares of the apparel and home fashions retailer’s stock after acquiring an additional 10,122 shares during the period. NewEdge Wealth LLC’s holdings in TJX Companies were worth $13,243,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Lavaca Capital LLC bought a new position in shares of TJX Companies during the 2nd quarter worth approximately $25,000. Princeton Global Asset Management LLC bought a new stake in TJX Companies during the second quarter worth $28,000. Howard Hughes Medical Institute bought a new stake in TJX Companies during the second quarter worth $30,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the second quarter worth $32,000. Finally, Capital A Wealth Management LLC grew its stake in TJX Companies by 776.7% in the 2nd quarter. Capital A Wealth Management LLC now owns 263 shares of the apparel and home fashions retailer’s stock valued at $32,000 after purchasing an additional 233 shares during the period. 91.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent analyst reports. Bank of America lifted their target price on TJX Companies from $150.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Evercore raised their price objective on shares of TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. UBS Group reiterated a “buy” rating and issued a $193.00 target price (up from $181.00) on shares of TJX Companies in a research note on Thursday, January 8th. TD Cowen reissued a “buy” rating on shares of TJX Companies in a research report on Thursday, November 20th. Finally, Robert W. Baird set a $168.00 price target on shares of TJX Companies in a report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $163.86.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 500 shares of TJX Companies stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the transaction, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. The trade was a 2.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 24,363 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the completion of the sale, the chief executive officer directly owned 510,780 shares in the company, valued at approximately $77,286,121.80. The trade was a 4.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.13% of the stock is owned by insiders.

TJX Companies Stock Up 0.2%

TJX opened at $157.27 on Thursday. The TJX Companies, Inc. has a 12 month low of $112.10 and a 12 month high of $159.48. The company 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 company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $154.56 and a 200 day moving average of $146.40.

TJX Companies (NYSE:TJX) last posted its 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. The firm had revenue of $15.12 billion for the quarter, compared to the consensus estimate of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 earnings per share. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be paid a $0.425 dividend. The ex-dividend date is Thursday, February 12th. This represents a $1.70 annualized dividend and a yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is currently 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.