NewEdge Wealth LLC Purchases 10,122 Shares of The TJX Companies, Inc. $TJX

NewEdge Wealth LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,160 shares of the apparel and home fashions retailer’s stock after purchasing an additional 10,122 shares during the quarter. NewEdge Wealth LLC’s holdings in TJX Companies were worth $13,243,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Bank of Nova Scotia grew its stake in TJX Companies by 129.9% in the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock valued at $33,319,000 after purchasing an additional 152,453 shares in the last quarter. Empowered Funds LLC grew its stake in shares of TJX Companies by 66.6% in the second quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after buying an additional 30,779 shares in the last quarter. Rheos Capital Works Inc. increased its holdings in TJX Companies by 26.0% during the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock worth $53,480,000 after buying an additional 76,400 shares during the last quarter. Wealthfront Advisers LLC raised its position in TJX Companies by 4.9% during the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after acquiring an additional 8,006 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. lifted its stake in TJX Companies by 45.7% in the third quarter. Savoir Faire Capital Management L.P. now owns 81,361 shares of the apparel and home fashions retailer’s stock valued at $11,760,000 after acquiring an additional 25,534 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.2%

Shares of NYSE:TJX opened at $157.27 on Thursday. The firm has a market cap of $174.64 billion, a P/E ratio of 34.72, a PEG ratio of 3.00 and a beta of 0.74. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $159.48. The business’s 50 day simple moving average is $154.56 and its two-hundred day simple moving average is $146.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The company had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.TJX Companies’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $1.14 EPS. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, February 12th. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. TJX Companies’s payout ratio is presently 37.53%.

Analyst Ratings Changes

TJX has been the topic of several recent analyst reports. Guggenheim upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Wednesday, December 10th. Bank of America upped their price objective on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Robert W. Baird set a $168.00 target price on TJX Companies in a research note on Wednesday, December 17th. Barclays set a $172.00 price target on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus target price of $163.86.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 24,363 shares of TJX Companies stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the completion of the transaction, the chief executive officer owned 510,780 shares in the company, valued at approximately $77,286,121.80. The trade was a 4.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the sale, the director directly owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company’s stock.

About TJX Companies

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.