Empowered Funds LLC Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Empowered Funds LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 23.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 30,495 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,707 shares during the period. Empowered Funds LLC’s holdings in TJX Companies were worth $3,584,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies in the third quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the third quarter worth $30,000. New Millennium Group LLC acquired a new position in shares of TJX Companies during the second quarter worth $34,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.3 %

Shares of TJX opened at $119.67 on Tuesday. The stock’s 50-day moving average price is $116.38 and its 200-day moving average price is $111.86. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $134.97 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $122.10.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio (DPR) is currently 36.23%.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research analyst reports. Robert W. Baird boosted their target price on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Evercore ISI upped their price objective 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. Wells Fargo & Company lifted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. TD Cowen upped their price target on shares of TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Finally, Loop Capital lifted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $127.41.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

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.