AE Wealth Management LLC Grows Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

AE Wealth Management LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 185,171 shares of the apparel and home fashions retailer's stock after buying an additional 20,847 shares during the quarter. AE Wealth Management LLC's holdings in TJX Companies were worth $20,387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TJX. Running Oak Capital LLC boosted its stake in TJX Companies by 10.9% during the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer's stock worth $11,358,000 after acquiring an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board boosted its position in shares of TJX Companies by 15.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer's stock worth $7,037,000 after purchasing an additional 9,500 shares in the last quarter. Options Solutions LLC bought a new stake in shares of TJX Companies in the 4th quarter worth approximately $726,000. Advisors Capital Management LLC grew its stake in shares of TJX Companies by 3.7% in the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer's stock worth $58,045,000 after buying an additional 20,629 shares during the last quarter. Finally, Evoke Wealth LLC increased its position in TJX Companies by 55.2% during the 4th quarter. Evoke Wealth LLC now owns 122,100 shares of the apparel and home fashions retailer's stock valued at $11,454,000 after buying an additional 43,405 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Bank of America boosted their target price on TJX Companies from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Jefferies Financial Group increased their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Loop Capital raised their price objective 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Finally, Evercore ISI increased their price target 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. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $126.76.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm's stock in a transaction 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 directly owns 536,148 shares of the company's stock, valued at approximately $63,018,835.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of TJX traded down $0.27 during trading hours on Friday, hitting $118.02. The stock had a trading volume of 1,866,607 shares, compared to its average volume of 5,335,007. The firm has a market capitalization of $133.11 billion, a PE ratio of 29.35, a PEG ratio of 3.02 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. The TJX Companies, Inc. has a 12 month low of $86.71 and a 12 month high of $121.13. The stock has a fifty day moving average price of $114.76 and a 200 day moving average price of $106.01.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the company posted $0.85 EPS. The business's quarterly revenue was up 5.6% compared to the same quarter last year. Analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio is presently 37.22%.

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.