Tandem Investment Advisors Inc. Buys 155 Shares of The TJX Companies, Inc. (NYSE:TJX)

Tandem Investment Advisors Inc. grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,711 shares of the apparel and home fashions retailer’s stock after acquiring an additional 155 shares during the quarter. Tandem Investment Advisors Inc.’s holdings in TJX Companies were worth $671,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TJX. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at approximately $25,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the third quarter valued at approximately $30,000. New Millennium Group LLC bought a new stake in TJX Companies during the second quarter worth $34,000. Anfield Capital Management LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at $37,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of TJX Companies in the 3rd quarter valued at $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Trading Up 1.1 %

NYSE:TJX opened at $116.85 on Friday. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $121.13. The firm has a 50-day moving average price of $116.07 and a two-hundred day moving average price of $110.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The firm has a market cap of $131.79 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 2.92 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating 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%. TJX Companies’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 36.23%.

Analyst Ratings Changes

A number of research analysts have issued reports on TJX shares. Bank of America lifted their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Jefferies Financial Group lifted their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Barclays upped their price target 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, Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Company 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.