The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJXFree Report) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 115,204 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,248 shares during the period. Orion Portfolio Solutions LLC’s holdings in TJX Companies were worth $10,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc acquired a new stake in shares of TJX Companies in the second quarter worth approximately $25,000. Steward Financial Group LLC purchased a new stake in shares of TJX Companies during the second quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of TJX Companies in the third quarter worth $29,000. ICA Group Wealth Management LLC bought a new stake in shares of TJX Companies in the fourth quarter worth $27,000. Finally, Cornerstone Planning Group LLC bought a new stake in shares of TJX Companies in the second quarter worth $33,000. 89.28% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX opened at $94.39 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.47 and a debt-to-equity ratio of 0.42. The TJX Companies, Inc. has a 1 year low of $72.92 and a 1 year high of $95.92. The stock has a market cap of $107.57 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 2.27 and a beta of 0.88. The stock’s 50-day moving average price is $91.17 and its two-hundred day moving average price is $89.35.

TJX Companies (NYSE:TJXGet Free Report) last released its quarterly earnings results on Wednesday, November 15th. The apparel and home fashions retailer reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.04. The company had revenue of $13.27 billion for the quarter, compared to analyst estimates of $13.09 billion. TJX Companies had a return on equity of 62.67% and a net margin of 7.85%. TJX Companies’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 earnings per share. On average, equities analysts predict that The TJX Companies, Inc. will post 3.75 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 7th. Investors of record on Thursday, February 15th will be given a $0.3325 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend is Wednesday, February 14th. TJX Companies’s dividend payout ratio is presently 37.68%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of TJX Companies from $99.00 to $101.00 and gave the stock an “overweight” rating in a report on Thursday, November 16th. StockNews.com began coverage on shares of TJX Companies in a research report on Thursday, October 5th. They issued a “buy” rating on the stock. Evercore ISI began coverage on shares of TJX Companies in a research report on Tuesday, November 7th. They issued an “outperform” rating and a $105.00 price target on the stock. Telsey Advisory Group boosted their price target on shares of TJX Companies from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, November 16th. Finally, UBS Group boosted their price objective on TJX Companies from $90.00 to $91.00 and gave the stock a “neutral” rating in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $99.75.

Check Out Our Latest Research Report on TJX Companies

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 35,907 shares of TJX Companies stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $89.29, for a total value of $3,206,136.03. Following the sale, the chief executive officer now owns 595,191 shares of the company’s stock, valued at approximately $53,144,604.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by insiders.

TJX Companies Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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