Hardy Reed LLC Has $1.06 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Hardy Reed LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 25.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,987 shares of the apparel and home fashions retailer’s stock after buying an additional 1,835 shares during the quarter. Hardy Reed LLC’s holdings in TJX Companies were worth $1,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC grew its position in TJX Companies by 8.9% in the third quarter. Townsquare Capital LLC now owns 65,964 shares of the apparel and home fashions retailer’s stock valued at $7,753,000 after acquiring an additional 5,413 shares during the last quarter. Cadence Bank boosted its stake in shares of TJX Companies by 29.9% in the 3rd quarter. Cadence Bank now owns 7,115 shares of the apparel and home fashions retailer’s stock valued at $836,000 after purchasing an additional 1,637 shares in the last quarter. Principal Street Partners LLC grew its holdings in shares of TJX Companies by 81.4% during the 3rd quarter. Principal Street Partners LLC now owns 5,096 shares of the apparel and home fashions retailer’s stock valued at $565,000 after purchasing an additional 2,286 shares during the last quarter. Avestar Capital LLC increased its position in TJX Companies by 7.5% during the 3rd quarter. Avestar Capital LLC now owns 18,651 shares of the apparel and home fashions retailer’s stock worth $2,192,000 after purchasing an additional 1,294 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in TJX Companies by 4.9% in the 3rd quarter. Brooklyn Investment Group now owns 4,454 shares of the apparel and home fashions retailer’s stock valued at $524,000 after purchasing an additional 209 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $126.18 on Wednesday. The firm has a 50 day moving average of $116.79 and a 200-day moving average of $112.88. The company has a market cap of $142.31 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. 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 TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $126.44.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is currently 35.29%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. UBS Group increased their price target on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird boosted their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Jefferies Financial Group raised their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Loop Capital raised their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, StockNews.com downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

Insider Activity at TJX Companies

In other 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 value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by 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.