Maxwell Wealth Strategies Inc. Has $3.15 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Maxwell Wealth Strategies Inc. lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 19.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,644 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,590 shares during the quarter. TJX Companies makes up approximately 1.3% of Maxwell Wealth Strategies Inc.’s portfolio, making the stock its 21st largest position. Maxwell Wealth Strategies Inc.’s holdings in TJX Companies were worth $3,145,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Natixis Advisors LLC boosted its holdings in shares of TJX Companies by 3.8% in the 3rd quarter. Natixis Advisors LLC now owns 1,276,467 shares of the apparel and home fashions retailer’s stock worth $150,036,000 after buying an additional 47,060 shares during the last quarter. Mizuho Securities USA LLC grew its stake in TJX Companies by 240.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 297,199 shares of the apparel and home fashions retailer’s stock valued at $34,933,000 after buying an additional 209,876 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its stake in shares of TJX Companies by 0.3% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 51,121 shares of the apparel and home fashions retailer’s stock valued at $6,009,000 after purchasing an additional 165 shares during the period. Coastline Trust Co increased its position in shares of TJX Companies by 3.2% during the third quarter. Coastline Trust Co now owns 39,980 shares of the apparel and home fashions retailer’s stock valued at $4,699,000 after buying an additional 1,240 shares during the period. Finally, Valley Wealth Managers Inc. increased its holdings in TJX Companies by 10.1% during the 3rd quarter. Valley Wealth Managers Inc. now owns 4,343 shares of the apparel and home fashions retailer’s stock worth $510,000 after acquiring an additional 398 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on TJX shares. Robert W. Baird raised their price target on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and increased their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. BMO Capital Markets raised their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. UBS Group boosted their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Bank of America increased their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

TJX Companies Stock Up 0.1 %

NYSE:TJX opened at $119.97 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The firm has a market cap of $135.31 billion, a P/E ratio of 28.98, a P/E/G ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a fifty-two week low of $87.26 and a fifty-two week high of $122.10. The firm has a 50-day simple moving average of $116.33 and a two-hundred day simple moving average of $111.44.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 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 company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same period last year, the company earned $0.85 EPS. TJX Companies’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction 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 in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.13% of the company’s stock.

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.