Ashton Thomas Private Wealth LLC Boosts Holdings in The TJX Companies, Inc. (NYSE:TJX)

Ashton Thomas Private Wealth LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 30.5% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 10,081 shares of the apparel and home fashions retailer’s stock after buying an additional 2,355 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in TJX Companies were worth $1,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Avantax Advisory Services Inc. grew its stake in shares of TJX Companies by 2.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,337 shares of the apparel and home fashions retailer’s stock worth $2,468,000 after purchasing an additional 607 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in TJX Companies by 4.6% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,709 shares of the apparel and home fashions retailer’s stock valued at $883,000 after buying an additional 380 shares during the period. Banco BTG Pactual S.A. purchased a new position in TJX Companies in the first quarter valued at $3,318,000. Motco raised its position in shares of TJX Companies by 0.7% in the first quarter. Motco now owns 112,586 shares of the apparel and home fashions retailer’s stock worth $11,418,000 after acquiring an additional 815 shares during the period. Finally, J.Safra Asset Management Corp boosted its stake in shares of TJX Companies by 15.5% during the 1st quarter. J.Safra Asset Management Corp now owns 1,381 shares of the apparel and home fashions retailer’s stock worth $140,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 1.1 %

Shares of NYSE:TJX opened at $121.19 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 52-week low of $87.26 and a 52-week high of $121.92. The business has a fifty day moving average of $116.13 and a two-hundred day moving average of $111.14. The stock has a market cap of $136.69 billion, a P/E ratio of 29.27, a PEG ratio of 3.03 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share 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 analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. On average, research analysts expect that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The business 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. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TJX. Jefferies Financial Group lifted their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. TD Cowen upped their target price on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America lifted their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Evercore ISI lifted their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.12.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company’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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company’s stock.

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.