Schneider Downs Wealth Management Advisors LP Buys Shares of 1,752 The TJX Companies, Inc. (NYSE:TJX)

Schneider Downs Wealth Management Advisors LP purchased a new position in The TJX Companies, Inc. (NYSE:TJX) in the third quarter, Holdings Channel.com reports. The firm purchased 1,752 shares of the apparel and home fashions retailer’s stock, valued at approximately $206,000.

Other hedge funds have also recently made changes to their positions in the company. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies in the 3rd quarter worth $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies in the third quarter worth $30,000. New Millennium Group LLC purchased a new stake in TJX Companies during the second quarter valued at $34,000. Finally, Anfield Capital Management LLC purchased a new stake in TJX Companies during the second quarter valued at $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

TJX stock opened at $119.97 on Friday. The TJX Companies, Inc. has a one year low of $87.26 and a one year high of $122.10. The firm has a market cap of $135.31 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.04 and a beta of 0.89. 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 50-day simple moving average of $116.33 and a two-hundred day simple moving average of $111.56.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping 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 firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter last year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of recent research reports. Jefferies Financial Group boosted 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. Robert W. Baird boosted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Bank of America increased their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. BMO Capital Markets boosted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $127.41.

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.