Douglas Lane & Associates LLC Purchases New Position in The TJX Companies, Inc. (NYSE:TJX)

Douglas Lane & Associates LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 1,729 shares of the apparel and home fashions retailer’s stock, valued at approximately $203,000.

A number of other large investors have also added to or reduced their stakes in the company. Valued Wealth Advisors LLC grew its holdings in shares of 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 purchasing an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth $25,000. OFI Invest Asset Management bought a new stake in shares of TJX Companies in the 1st quarter worth about $30,000. AlphaMark Advisors LLC raised its position in shares of TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after buying an additional 122 shares in the last quarter. Finally, New Millennium Group LLC bought a new position in shares of TJX Companies in the 2nd quarter valued at about $34,000. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on TJX shares. BMO Capital Markets boosted their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note 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. Wells Fargo & Company raised their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Barclays boosted 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. Finally, Bank of America raised their target price on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Stock Performance

TJX Companies stock opened at $113.73 on Monday. The TJX Companies, Inc. has a fifty-two week low of $86.92 and a fifty-two week high of $121.13. The company has a market capitalization of $128.27 billion, a PE ratio of 27.47, a P/E/G ratio of 2.85 and a beta of 0.89. The company has a 50 day moving average price of $115.64 and a 200-day moving average price of $108.14. 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 issued its earnings results 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. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the company posted $0.85 EPS. TJX Companies’s revenue was up 5.6% on a year-over-year basis. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.32%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company’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 value of $1,763,100.00. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

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.