GoalVest Advisory LLC Has $620,000 Stock Position in The TJX Companies, Inc. (NYSE:TJX)

GoalVest Advisory LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,276 shares of the apparel and home fashions retailer’s stock after buying an additional 176 shares during the period. GoalVest Advisory LLC’s holdings in TJX Companies were worth $620,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research firms have weighed in on TJX. Robert W. Baird upped their price target 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 increased their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a report on Wednesday. Loop Capital increased their price objective on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus target price of $127.41.

TJX Companies Stock Up 0.1 %

TJX stock opened at $119.97 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a market capitalization 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 business’s fifty day moving average price is $116.33 and its two-hundred day moving average price is $111.56. The TJX Companies, Inc. has a fifty-two week low of $87.26 and a fifty-two week high of $122.10.

TJX Companies (NYSE:TJX) last posted 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 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%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 EPS. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend 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 Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by company 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.