Sweet Financial Partners LLC Has $2.13 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Sweet Financial Partners LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 407.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,080 shares of the apparel and home fashions retailer’s stock after buying an additional 14,520 shares during the quarter. Sweet Financial Partners LLC’s holdings in TJX Companies were worth $2,125,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at $25,000. Valued Wealth Advisors LLC boosted its position in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares in the last quarter. New Millennium Group LLC bought a new stake in TJX Companies during the second quarter worth about $34,000. OFI Invest Asset Management acquired a new stake in shares of TJX Companies during the first quarter worth approximately $30,000. Finally, AlphaMark Advisors LLC raised its stake in shares of TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after acquiring an additional 122 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business’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 completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on TJX. Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Evercore ISI increased their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Robert W. Baird lifted 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. UBS Group increased their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Barclays raised their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Price Performance

TJX opened at $117.48 on Friday. The company has a fifty day moving average price of $116.26 and a two-hundred day moving average price of $108.48. The firm has a market capitalization of $132.50 billion, a PE ratio of 28.38, a P/E/G ratio of 2.91 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $86.92 and a 52 week high of $121.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion for 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 was up 5.6% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.15 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. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.28%. TJX Companies’s dividend payout ratio (DPR) is presently 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.