Avior Wealth Management LLC Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Avior Wealth Management LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 172.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,247 shares of the apparel and home fashions retailer's stock after buying an additional 9,011 shares during the period. Avior Wealth Management LLC's holdings in TJX Companies were worth $1,675,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies in the second quarter valued at $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the 3rd quarter worth $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth $30,000. New Millennium Group LLC purchased a new stake in shares of TJX Companies in the second quarter valued at about $34,000. Finally, Anfield Capital Management LLC bought a new position in shares of TJX Companies during the second quarter valued at about $37,000. 91.09% of the stock is owned by institutional investors.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company's stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Trading Up 0.2 %

TJX Companies stock traded up $0.18 during mid-day trading on Wednesday, hitting $119.74. The company's stock had a trading volume of 8,872,769 shares, compared to its average volume of 5,248,148. The business has a 50 day moving average price of $116.46 and a 200-day moving average price of $112.09. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $122.10. The stock has a market cap of $135.05 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly 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. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the company earned $1.03 EPS. TJX Companies's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The company 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 dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.25%. TJX Companies's payout ratio is currently 36.23%.

Analysts Set New Price Targets

Several research firms have commented on TJX. Telsey Advisory Group reiterated an "outperform" rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Wednesday. TD Cowen upped their price objective on shares of TJX Companies from $125.00 to $130.00 and gave the company a "buy" rating in a report on Friday, November 15th. 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. Wells Fargo & Company boosted their price objective 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. Finally, 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 report 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's stock. According to MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and an average target price of $127.41.

TJX Companies 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.