29,611 Shares in The TJX Companies, Inc. (NYSE:TJX) Acquired by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,611 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,480,000.

A number of other hedge funds have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC acquired a new position in TJX Companies in the second quarter worth approximately $25,000. Copeland Capital Management LLC acquired a new position in TJX Companies in the third quarter worth approximately $30,000. New Millennium Group LLC acquired a new position in TJX Companies during the second quarter valued at approximately $34,000. Anfield Capital Management LLC acquired a new position in TJX Companies during the second quarter valued at approximately $37,000. Finally, Northwest Investment Counselors LLC acquired a new position in TJX Companies during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays increased their price target on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI increased their price target on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. UBS Group increased their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird increased their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Trading Up 0.6 %

Shares of TJX stock traded up $0.71 during mid-day trading on Thursday, reaching $116.34. 158,630 shares of the stock traded hands, compared to its average volume of 5,211,625. The stock’s fifty day simple moving average is $116.07 and its two-hundred day simple moving average is $110.39. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $121.13. The company has a market cap of $131.22 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 2.85 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.29%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company’s stock.

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.