Obsidian Personal Planning Solutions LLC Purchases Shares of 1,785 The TJX Companies, Inc. (NYSE:TJX)

Obsidian Personal Planning Solutions LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,785 shares of the apparel and home fashions retailer’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the 2nd quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in shares of TJX Companies in the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at approximately $30,000. New Millennium Group LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research report on Wednesday. Barclays upped their price objective on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Robert W. Baird increased their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, TD Cowen increased their price target on TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Three 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 currently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

TJX Companies Stock Up 0.1 %

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

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the prior year, the business earned $0.85 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced 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 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is currently owned by insiders.

TJX Companies 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.