The TJX Companies, Inc. (NYSE:TJX) Position Increased by Maxwell Wealth Strategies Inc.

Maxwell Wealth Strategies Inc. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,644 shares of the apparel and home fashions retailer's stock after buying an additional 4,590 shares during the quarter. TJX Companies makes up 1.3% of Maxwell Wealth Strategies Inc.'s investment portfolio, making the stock its 21st largest position. Maxwell Wealth Strategies Inc.'s holdings in TJX Companies were worth $3,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TJX. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the 2nd quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies during the third quarter worth approximately $30,000. New Millennium Group LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at $34,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Up 0.1 %

TJX stock traded up $0.06 during mid-day trading on Friday, hitting $119.97. 5,103,496 shares of the company were exchanged, compared to its average volume of 4,488,200. The company has a market capitalization of $135.31 billion, a PE ratio of 28.98, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The firm has a fifty day simple moving average of $116.33 and a 200 day simple moving average of $111.44. 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 TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $122.10.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results 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. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. On average, research analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies's payout ratio is currently 36.23%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TJX. Telsey Advisory Group reiterated an "outperform" rating and issued a $134.00 target price on shares of TJX Companies in a report on Wednesday. Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a "buy" rating to a "neutral" rating and raised their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group increased their price target on TJX Companies from $130.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $127.41.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was 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 owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

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.