Meridian Wealth Management LLC Acquires Shares of 7,552 The TJX Companies, Inc. (NYSE:TJX)

Meridian Wealth Management LLC bought a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,552 shares of the apparel and home fashions retailer’s stock, valued at approximately $888,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stablepoint Partners LLC boosted its holdings in TJX Companies by 0.3% during the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after acquiring an additional 89 shares during the last quarter. Dearborn Partners LLC grew its holdings in shares of TJX Companies by 4.0% in the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after acquiring an additional 90 shares in the last quarter. Concorde Asset Management LLC increased its position in shares of TJX Companies by 2.8% during the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after acquiring an additional 90 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after acquiring an additional 90 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in TJX Companies by 3.8% during the third quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock worth $295,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $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 can be accessed through this link. 0.13% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Robert W. Baird raised their target price on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. StockNews.com downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Friday. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. UBS Group increased their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Barclays lifted their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.47.

TJX Companies Stock Up 1.4 %

TJX stock opened at $121.47 on Friday. The stock has a 50-day simple moving average of $116.52 and a two-hundred day simple moving average of $112.41. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $122.10. The firm has a market capitalization of $137.00 billion, a PE ratio of 28.58, a PEG ratio of 3.05 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed 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 1.23%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is 35.29%.

TJX Companies 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.