RPg Family Wealth Advisory LLC Makes New $40,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

RPg Family Wealth Advisory LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 338 shares of the apparel and home fashions retailer’s stock, valued at approximately $40,000.

Several other institutional investors also recently modified their holdings of the company. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in TJX Companies during the third quarter worth $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies in the third quarter valued at about $29,000. Copeland Capital Management LLC bought a new position in TJX Companies in the 3rd quarter valued at about $30,000. Finally, New Millennium Group LLC acquired a new position in shares of TJX Companies in the second quarter valued at approximately $34,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the 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 directly 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 is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Jefferies Financial Group upped their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Cowen lifted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Evercore ISI boosted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, UBS Group boosted their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Stock Performance

Shares of TJX stock opened at $126.36 on Thursday. The business’s 50-day moving average price is $116.97 and its 200-day moving average price is $112.98. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $142.52 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 3.10 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the prior year, the company posted $1.03 EPS. The company’s revenue was up 6.0% on a year-over-year basis. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.19%. TJX Companies’s 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.