1,752 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Schneider Downs Wealth Management Advisors LP

Schneider Downs Wealth Management Advisors LP bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,752 shares of the apparel and home fashions retailer’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Richard W. Paul & Associates LLC bought a new position in TJX Companies during the second quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies during the 3rd quarter valued at $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the 3rd quarter worth $30,000. New Millennium Group LLC bought a new stake in TJX Companies in the second quarter worth $34,000. Finally, Anfield Capital Management LLC purchased a new stake in TJX Companies during the second quarter valued at about $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.1 %

Shares of NYSE TJX opened at $119.97 on Friday. The stock has a market cap of $135.31 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $122.10. The firm has a 50-day moving average of $116.33 and a 200 day moving average of $111.56.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.14 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. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction 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 trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on TJX shares. Jefferies Financial Group lifted their price objective on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Barclays lifted their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. UBS Group increased their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Wednesday. Finally, Morgan Stanley upped their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $127.41.

TJX Companies Company 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.