Transform Wealth LLC Has $10.90 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Transform Wealth LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 92,705 shares of the apparel and home fashions retailer's stock after buying an additional 8,553 shares during the quarter. Transform Wealth LLC's holdings in TJX Companies were worth $10,897,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Running Oak Capital LLC increased its position in TJX Companies by 10.9% in the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer's stock valued at $11,358,000 after acquiring an additional 11,036 shares during the period. New Mexico Educational Retirement Board raised its stake in shares of TJX Companies by 15.9% during the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer's stock valued at $7,037,000 after purchasing an additional 9,500 shares in the last quarter. Advisors Capital Management LLC lifted its holdings in TJX Companies by 3.7% in the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer's stock worth $58,045,000 after purchasing an additional 20,629 shares during the period. O Shaughnessy Asset Management LLC grew its position in TJX Companies by 9.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 136,798 shares of the apparel and home fashions retailer's stock valued at $13,874,000 after buying an additional 11,447 shares in the last quarter. Finally, Meyer Handelman Co. increased its stake in TJX Companies by 27.5% during the 1st quarter. Meyer Handelman Co. now owns 166,574 shares of the apparel and home fashions retailer's stock valued at $16,894,000 after buying an additional 35,879 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were 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 in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

TJX Companies stock traded up $0.64 during mid-day trading on Wednesday, reaching $117.40. The company had a trading volume of 4,675,004 shares, compared to its average volume of 5,315,486. The company has a 50 day moving average of $115.92 and a 200-day moving average of $108.35. The TJX Companies, Inc. has a 52 week low of $86.92 and a 52 week high of $121.13. 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 firm has a market cap of $132.41 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 2.91 and a beta of 0.89.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.04. The business 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%. The firm's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company 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 $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.28%. TJX Companies's dividend payout ratio (DPR) is currently 36.23%.

Analyst Ratings Changes

A number of research firms have weighed in on TJX. Telsey Advisory Group restated an "outperform" rating and issued a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. Robert W. Baird upped their price objective on TJX Companies from $113.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, August 22nd. Evercore ISI boosted their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Citigroup downgraded shares of TJX Companies from a "buy" rating to a "neutral" rating and upped their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, UBS Group boosted their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $126.76.

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.