Blackston Financial Advisory Group LLC Raises Holdings in The TJX Companies, Inc. (NYSE:TJX)

Blackston Financial Advisory Group LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 53.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,100 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,076 shares during the period. Blackston Financial Advisory Group LLC’s holdings in TJX Companies were worth $364,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Hengehold Capital Management LLC increased its holdings in shares of TJX Companies by 17.6% in the 1st quarter. Hengehold Capital Management LLC now owns 2,632 shares of the apparel and home fashions retailer’s stock valued at $267,000 after acquiring an additional 394 shares during the period. Artemis Investment Management LLP raised its holdings in shares of TJX Companies by 662.2% in the first quarter. Artemis Investment Management LLP now owns 32,868 shares of the apparel and home fashions retailer’s stock valued at $3,332,000 after buying an additional 28,556 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of TJX Companies during the first quarter worth about $37,000. Norway Savings Bank grew its holdings in shares of TJX Companies by 2.5% during the first quarter. Norway Savings Bank now owns 11,080 shares of the apparel and home fashions retailer’s stock worth $1,124,000 after buying an additional 275 shares during the last quarter. Finally, Webster Bank N. A. increased its position in TJX Companies by 16.6% in the 1st quarter. Webster Bank N. A. now owns 3,418 shares of the apparel and home fashions retailer’s stock valued at $347,000 after acquiring an additional 486 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In related 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 transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

TJX has been the subject of a number of recent research reports. UBS Group increased their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. BMO Capital Markets upped their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. 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 report on Monday, August 19th. Finally, StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Down 0.0 %

Shares of NYSE TJX opened at $114.15 on Friday. The firm’s 50-day moving average is $116.67 and its two-hundred day moving average is $109.05. The company has a market capitalization of $128.75 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $86.92 and a 12-month high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion for 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%. TJX Companies’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 EPS. Equities analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

TJX Companies Company 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.