The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by LVW Advisors LLC

LVW Advisors LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,897 shares of the apparel and home fashions retailer’s stock after buying an additional 183 shares during the quarter. LVW Advisors LLC’s holdings in TJX Companies were worth $341,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TJX. Sanibel Captiva Trust Company Inc. acquired a new position in TJX Companies in the 4th quarter worth about $15,395,000. Secured Retirement Advisors LLC acquired a new position in TJX Companies in the 4th quarter worth about $1,575,000. Sunpointe LLC acquired a new position in TJX Companies in the 4th quarter worth about $569,000. GLOBALT Investments LLC GA acquired a new position in TJX Companies in the 4th quarter worth about $6,610,000. Finally, V Square Quantitative Management LLC raised its holdings in TJX Companies by 51.8% in the 4th quarter. V Square Quantitative Management LLC now owns 14,787 shares of the apparel and home fashions retailer’s stock worth $1,387,000 after purchasing an additional 5,049 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TJX. UBS Group upped their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America boosted their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Loop Capital boosted their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets boosted their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Robert W. Baird boosted their price objective on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note 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, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Price Performance

NYSE:TJX opened at $113.73 on Friday. The TJX Companies, Inc. has a one year low of $86.92 and a one year 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 $128.27 billion, a PE ratio of 27.47, a P/E/G ratio of 2.85 and a beta of 0.89. The stock has a 50 day moving average price of $115.64 and a 200 day moving average price of $108.03.

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, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. Equities research analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.32%. TJX Companies’s dividend payout ratio (DPR) is 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.