Adero Partners LLC Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

Adero Partners LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,206 shares of the apparel and home fashions retailer’s stock after buying an additional 164 shares during the quarter. Adero Partners LLC’s holdings in TJX Companies were worth $377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TJX. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $30,000. New Millennium Group LLC purchased a new stake in TJX Companies in the 2nd quarter worth approximately $34,000. Finally, Anfield Capital Management LLC purchased a new stake in TJX Companies in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.1 %

TJX Companies stock opened at $119.97 on Friday. The firm has a market cap of $135.31 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.04 and a beta of 0.89. The stock has a fifty day simple moving average of $116.33 and a two-hundred day simple moving average of $111.56. The TJX Companies, Inc. has a 12 month low of $87.26 and a 12 month high of $122.10. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last posted its 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. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. Equities analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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 issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction 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 completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company raised 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. BMO Capital Markets raised their target price on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Loop Capital raised their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI raised their target price on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $127.41.

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.