Albion Financial Group UT Buys 801 Shares of The TJX Companies, Inc. (NYSE:TJX)

Albion Financial Group UT boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 17.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,343 shares of the apparel and home fashions retailer’s stock after acquiring an additional 801 shares during the period. Albion Financial Group UT’s holdings in TJX Companies were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after acquiring an additional 3,255,849 shares in the last quarter. PineStone Asset Management Inc. grew its stake in TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after purchasing an additional 3,132,960 shares during the last quarter. Ameriprise Financial Inc. boosted its position in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC acquired a new stake in TJX Companies during the 2nd quarter valued at approximately $315,698,000. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of TJX Companies by 80.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after acquiring an additional 1,313,517 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Jefferies Financial Group lifted their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company lifted their price target 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. Finally, TD Cowen boosted their price objective on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Trading Down 1.2 %

Shares of TJX opened at $112.59 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $126.99 billion, a P/E ratio of 27.20, a P/E/G ratio of 2.88 and a beta of 0.89. The firm has a 50-day moving average price of $115.63 and a 200 day moving average price of $107.93. The TJX Companies, Inc. has a 12-month low of $86.92 and a 12-month high of $121.13.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current 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 dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

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.