Trinity Legacy Partners LLC Purchases 647 Shares of The TJX Companies, Inc. (NYSE:TJX)

Trinity Legacy Partners LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,729 shares of the apparel and home fashions retailer’s stock after buying an additional 647 shares during the period. Trinity Legacy Partners LLC’s holdings in TJX Companies were worth $4,463,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. First Trust Direct Indexing L.P. boosted its stake in shares of TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after purchasing an additional 5,207 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of TJX Companies by 9.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer’s stock valued at $13,874,000 after purchasing an additional 11,447 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after acquiring an additional 3,255,849 shares during the period. Koshinski Asset Management Inc. grew its stake in TJX Companies by 219.8% in the first quarter. Koshinski Asset Management Inc. now owns 13,579 shares of the apparel and home fashions retailer’s stock valued at $1,377,000 after purchasing an additional 9,333 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of TJX Companies by 57.0% during the 1st quarter. Empowered Funds LLC now owns 31,001 shares of the apparel and home fashions retailer’s stock worth $3,144,000 after acquiring an additional 11,260 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 1.1 %

TJX stock opened at $116.85 on Friday. The business’s 50-day moving average is $116.07 and its 200 day moving average is $110.39. 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 stock has a market cap of $131.79 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.92 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $87.26 and a 12-month high of $121.13.

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 for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed 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. This represents a $1.50 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Analyst Ratings Changes

A number of equities research analysts have commented on TJX shares. Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Morgan Stanley boosted their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Evercore ISI raised their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s 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 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 SEC, which is accessible through the SEC website. 0.13% of the stock is owned by corporate 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.