The TJX Companies, Inc. (NYSE:TJX) Stock Position Raised by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,836 shares of the apparel and home fashions retailer’s stock after purchasing an additional 336 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in TJX Companies were worth $1,509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Valued Wealth Advisors LLC lifted its position in TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the second quarter valued at approximately $25,000. OFI Invest Asset Management bought a new position in shares of TJX Companies in the first quarter valued at approximately $30,000. AlphaMark Advisors LLC lifted its stake in shares of TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares during the last quarter. Finally, New Millennium Group LLC bought a new stake in shares of TJX Companies during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of several recent analyst reports. Loop Capital lifted 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. 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 report on Thursday, August 22nd. Barclays upped their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Bank of America lifted their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Company upped their target price on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insiders Place Their Bets

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 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock traded down $0.28 during trading hours on Wednesday, hitting $116.48. 168,988 shares of the stock were exchanged, compared to its average volume of 5,292,956. The TJX Companies, Inc. has a 12 month low of $86.92 and a 12 month high of $121.13. The business’s 50-day moving average is $115.92 and its two-hundred day moving average is $108.35. 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 capitalization of $131.37 billion, a P/E ratio of 28.20, a P/E/G ratio of 2.91 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released 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 business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the company earned $0.85 EPS. TJX Companies’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.29%. The ex-dividend date is Thursday, November 14th. TJX Companies’s 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.