Financial Counselors Inc. Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Financial Counselors Inc. increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 26,900 shares of the apparel and home fashions retailer’s stock after buying an additional 1,069 shares during the quarter. Financial Counselors Inc.’s holdings in TJX Companies were worth $3,162,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the third quarter worth $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies in the third quarter valued at $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies during the 3rd quarter valued at $30,000. Finally, New Millennium Group LLC bought a new position in shares of TJX Companies during the 2nd quarter worth $34,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on TJX. Robert W. Baird upped their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Wells Fargo & Company upped their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Evercore ISI boosted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Morgan Stanley raised 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. Finally, Loop Capital increased their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s 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 directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

TJX Companies Trading Down 0.5 %

Shares of TJX stock opened at $125.69 on Friday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $141.76 billion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 3.11 and a beta of 0.89. The business has a 50-day moving average price of $117.29 and a two-hundred day moving average price of $113.26. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $128.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

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.