World Equity Group Inc. Takes Position in The TJX Companies, Inc. (NYSE:TJX)

World Equity Group Inc. bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 2,084 shares of the apparel and home fashions retailer’s stock, valued at approximately $245,000.

Several other institutional investors have also recently added to or reduced their stakes in TJX. PDS Planning Inc lifted its position in shares of TJX Companies by 11.5% during the third quarter. PDS Planning Inc now owns 7,617 shares of the apparel and home fashions retailer’s stock worth $895,000 after purchasing an additional 785 shares in the last quarter. QRG Capital Management Inc. boosted its position in TJX Companies by 6.2% in the 3rd quarter. QRG Capital Management Inc. now owns 288,492 shares of the apparel and home fashions retailer’s stock valued at $33,909,000 after buying an additional 16,909 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of TJX Companies by 7.0% during the third quarter. Asset Management One Co. Ltd. now owns 512,480 shares of the apparel and home fashions retailer’s stock valued at $60,237,000 after acquiring an additional 33,381 shares during the period. National Pension Service boosted its holdings in TJX Companies by 13.6% in the third quarter. National Pension Service now owns 2,637,369 shares of the apparel and home fashions retailer’s stock valued at $309,996,000 after acquiring an additional 315,672 shares during the last quarter. Finally, Northeast Investment Management increased its position in TJX Companies by 8.4% in the third quarter. Northeast Investment Management now owns 83,647 shares of the apparel and home fashions retailer’s stock worth $9,832,000 after purchasing an additional 6,473 shares during the period. 91.09% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Trading Up 0.3 %

Shares of NYSE TJX opened at $112.69 on Tuesday. The company has a market cap of $127.10 billion, a PE ratio of 27.22, a P/E/G ratio of 2.84 and a beta of 0.89. The firm’s 50 day moving average price is $116.27 and its 200-day moving average price is $110.21. The TJX Companies, Inc. has a 52-week low of $87.26 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 data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share 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%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.33%. TJX Companies’s payout ratio is currently 36.23%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Loop Capital increased their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley boosted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. BMO Capital Markets lifted their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Bank of America raised their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research 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 company’s stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

About TJX Companies

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.