Werba Rubin Papier Wealth Management Buys 124 Shares of The TJX Companies, Inc. (NYSE:TJX)

Werba Rubin Papier Wealth Management lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 6.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,153 shares of the apparel and home fashions retailer’s stock after purchasing an additional 124 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in TJX Companies were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC raised its stake in TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares in the last quarter. New Millennium Group LLC bought a new position in TJX Companies during the second quarter valued at $34,000. OFI Invest Asset Management purchased a new position in shares of TJX Companies in the 1st quarter worth $30,000. Finally, AlphaMark Advisors LLC increased its holdings in shares of TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 122 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

TJX Companies stock opened at $117.71 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a market cap of $132.76 billion, a price-to-earnings ratio of 28.43, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. The firm has a 50-day moving average of $116.40 and a two-hundred day moving average of $108.66. The TJX Companies, Inc. has a 1 year low of $86.92 and a 1 year high of $121.13.

TJX Companies (NYSE:TJX) last announced 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 the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 earnings per share. On average, research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Loop Capital increased their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. TD Cowen raised their price objective on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Jefferies Financial Group boosted their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Bank of America raised their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI boosted their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Three 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $126.76.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by company insiders.

About TJX Companies

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.