Ascent Wealth Partners LLC Invests $3.48 Million in The TJX Companies, Inc. (NYSE:TJX)

Ascent Wealth Partners LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,611 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,480,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Richard W. Paul & Associates LLC acquired a new stake in TJX Companies in the second quarter valued at $25,000. Copeland Capital Management LLC bought a new stake in TJX Companies during the third quarter valued at $30,000. New Millennium Group LLC bought a new stake in TJX Companies during the second quarter valued at $34,000. Anfield Capital Management LLC bought a new stake in TJX Companies during the second quarter valued at $37,000. Finally, Northwest Investment Counselors LLC bought a new stake in TJX Companies during the third quarter valued at $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on TJX shares. Evercore ISI boosted their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Wells Fargo & Company upped their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Bank of America upped their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. UBS Group increased their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Price Performance

NYSE TJX traded up $0.71 on Thursday, reaching $116.34. The company’s stock had a trading volume of 158,630 shares, compared to its average volume of 5,211,625. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.13. 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 has a market cap of $131.22 billion, a PE ratio of 27.93, a PEG ratio of 2.85 and a beta of 0.89. The firm’s 50 day moving average is $116.07 and its two-hundred day moving average is $110.39.

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, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

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.