Empowered Funds LLC Has $3.58 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Empowered Funds LLC raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 23.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,495 shares of the apparel and home fashions retailer's stock after acquiring an additional 5,707 shares during the quarter. Empowered Funds LLC's holdings in TJX Companies were worth $3,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TJX. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the second quarter valued at $25,000. Capital Performance Advisors LLP acquired a new stake in TJX Companies during the 3rd quarter worth about $29,000. Copeland Capital Management LLC purchased a new stake in TJX Companies during the third quarter valued at about $30,000. New Millennium Group LLC acquired a new position in shares of TJX Companies in the second quarter worth about $34,000. Finally, Anfield Capital Management LLC purchased a new position in shares of TJX Companies in the second quarter worth approximately $37,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX stock traded down $0.10 during midday trading on Tuesday, hitting $119.57. The stock had a trading volume of 5,787,930 shares, compared to its average volume of 5,231,379. The firm has a market capitalization of $134.86 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 3.04 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $116.42 and a 200 day simple moving average of $112.04. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $122.10.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same period last year, the firm earned $0.85 EPS. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors 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 dividend yield of 1.25%. TJX Companies's dividend payout ratio (DPR) is presently 36.23%.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on TJX. BMO Capital Markets raised their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. Bank of America raised their target price on TJX Companies from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Evercore ISI upped their price target on TJX Companies from $115.00 to $126.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Citigroup lowered TJX Companies from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, TD Cowen lifted their target price on TJX Companies from $125.00 to $130.00 and gave the company a "buy" rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of "Moderate Buy" and an average target price of $127.41.

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.