The TJX Companies, Inc. (NYSE:TJX) Position Boosted by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. increased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 51.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,987 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,116 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in TJX Companies were worth $2,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the 2nd quarter valued at $25,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the third quarter worth $30,000. AlphaMark Advisors LLC lifted its holdings in shares of TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after purchasing an additional 122 shares during the last quarter. New Millennium Group LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at $34,000. Finally, Anfield Capital Management LLC purchased a new position in TJX Companies in the 2nd quarter worth about $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.13% of the stock is owned by insiders.

TJX Companies Stock Down 0.3 %

TJX stock opened at $113.82 on Monday. The firm has a market cap of $128.37 billion, a PE ratio of 27.49, a PEG ratio of 2.88 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $86.92 and a 1 year high of $121.13. The company has a fifty day simple moving average of $116.77 and a 200 day simple moving average of $109.38. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. Sell-side analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Wall Street Analyst Weigh In

TJX has been the subject of several recent analyst reports. Loop Capital raised their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets lifted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Bank of America increased their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley raised their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Jefferies Financial Group upped their price target 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 analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

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.