The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 9.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,648 shares of the apparel and home fashions retailer’s stock after purchasing an additional 407 shares during the quarter. Trueblood Wealth Management LLC’s holdings in TJX Companies were worth $546,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies during the second quarter worth about $25,000. Valued Wealth Advisors LLC increased its position in TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares in the last quarter. Copeland Capital Management LLC purchased a new position in TJX Companies in the third quarter valued at approximately $30,000. New Millennium Group LLC acquired a new position in TJX Companies during the second quarter valued at approximately $34,000. Finally, Northwest Investment Counselors LLC purchased a new stake in TJX Companies during the third quarter worth approximately $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on TJX shares. Loop Capital lifted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Barclays increased their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Robert W. Baird upped their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Performance

TJX stock opened at $113.82 on Friday. The TJX Companies, Inc. has a 1 year low of $86.92 and a 1 year high of $121.13. The stock has a market capitalization of $128.37 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 2.91 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The stock’s fifty day moving average is $116.72 and its two-hundred day moving average is $109.09.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. On average, research analysts predict that The TJX Companies, Inc. will post 4.15 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. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. 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.