The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Empower Advisory Group LLC

Empower Advisory Group LLC lessened its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 156,009 shares of the apparel and home fashions retailer’s stock after selling 3,314 shares during the quarter. Empower Advisory Group LLC’s holdings in TJX Companies were worth $18,337,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. boosted its holdings in shares of TJX Companies by 2.6% during the first quarter. Avantax Advisory Services Inc. now owns 24,337 shares of the apparel and home fashions retailer’s stock valued at $2,468,000 after acquiring an additional 607 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of TJX Companies by 4.6% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,709 shares of the apparel and home fashions retailer’s stock valued at $883,000 after acquiring an additional 380 shares during the period. Banco BTG Pactual S.A. acquired a new position in shares of TJX Companies during the first quarter valued at $3,318,000. Motco boosted its holdings in shares of TJX Companies by 0.7% during the first quarter. Motco now owns 112,586 shares of the apparel and home fashions retailer’s stock valued at $11,418,000 after acquiring an additional 815 shares during the period. Finally, J.Safra Asset Management Corp boosted its holdings in shares of TJX Companies by 15.5% during the first quarter. J.Safra Asset Management Corp now owns 1,381 shares of the apparel and home fashions retailer’s stock valued at $140,000 after acquiring an additional 185 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $121.19 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $116.13 and its two-hundred day moving average price is $111.14. The TJX Companies, Inc. has a 52 week low of $87.26 and a 52 week high of $121.92. The stock has a market cap of $136.69 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 3.03 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, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the previous year, the business earned $0.85 earnings per share. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Insiders Place Their Bets

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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. TD Cowen boosted their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Barclays boosted their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, Jefferies Financial Group lifted their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.12.

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.