Liberty Wealth Management LLC Acquires 12,157 Shares of The TJX Companies, Inc. (NYSE:TJX)

Liberty Wealth Management LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6,536.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,343 shares of the apparel and home fashions retailer’s stock after purchasing an additional 12,157 shares during the period. Liberty Wealth Management LLC’s holdings in The TJX Companies were worth $183,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TJX. Ameriprise Financial Inc. lifted its holdings in The TJX Companies by 169.1% during the first quarter. Ameriprise Financial Inc. now owns 8,233,885 shares of the apparel and home fashions retailer’s stock worth $544,676,000 after buying an additional 5,173,603 shares during the period. Capital International Investors raised its position in shares of The TJX Companies by 313.7% in the 1st quarter. Capital International Investors now owns 4,862,604 shares of the apparel and home fashions retailer’s stock worth $321,661,000 after acquiring an additional 3,687,177 shares in the last quarter. Holocene Advisors LP lifted its stake in shares of The TJX Companies by 513.9% during the 1st quarter. Holocene Advisors LP now owns 4,339,147 shares of the apparel and home fashions retailer’s stock worth $287,035,000 after purchasing an additional 3,632,317 shares during the last quarter. Nuveen Asset Management LLC boosted its position in The TJX Companies by 23.0% during the first quarter. Nuveen Asset Management LLC now owns 14,019,839 shares of the apparel and home fashions retailer’s stock valued at $927,412,000 after purchasing an additional 2,620,958 shares in the last quarter. Finally, Amundi Asset Management US Inc. grew its stake in The TJX Companies by 31.5% in the first quarter. Amundi Asset Management US Inc. now owns 10,378,806 shares of the apparel and home fashions retailer’s stock valued at $686,561,000 after purchasing an additional 2,485,264 shares during the last quarter. 87.70% of the stock is owned by institutional investors.

In other The TJX Companies news, Chairman Carol Meyrowitz sold 72,546 shares of the stock in a transaction on Friday, August 20th. The shares were sold at an average price of $74.07, for a total transaction of $5,373,482.22. Following the transaction, the chairman now directly owns 261,875 shares of the company’s stock, valued at $19,397,081.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Scott Goldenberg sold 39,643 shares of the business’s stock in a transaction dated Thursday, August 19th. The stock was sold at an average price of $72.98, for a total transaction of $2,893,146.14. Following the sale, the chief financial officer now directly owns 145,897 shares of the company’s stock, valued at approximately $10,647,563.06. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The TJX Companies from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 19th. Guggenheim upped their price target on The TJX Companies from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 20th. Morgan Stanley raised their price objective on The TJX Companies from $76.00 to $81.00 and gave the stock an “overweight” rating in a research report on Thursday, August 19th. They noted that the move was a valuation call. MKM Partners upped their target price on The TJX Companies from $79.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, August 20th. Finally, Robert W. Baird increased their price target on The TJX Companies from $78.00 to $84.00 and gave the company an “outperform” rating in a research note on Thursday, August 19th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, The TJX Companies has an average rating of “Buy” and a consensus price target of $78.75.

The TJX Companies stock opened at $63.50 on Thursday. The firm has a market cap of $76.36 billion, a PE ratio of 30.83, a P/E/G ratio of 2.23 and a beta of 0.98. The TJX Companies, Inc. has a 12 month low of $50.06 and a 12 month high of $76.16. The stock’s 50 day simple moving average is $69.84 and its two-hundred day simple moving average is $68.64. The company has a current ratio of 1.33, a quick ratio of 0.83 and a debt-to-equity ratio of 0.52.

The TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, August 17th. The apparel and home fashions retailer reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.21. The TJX Companies had a net margin of 5.81% and a return on equity of 49.70%. The firm had revenue of $12.08 billion for the quarter, compared to the consensus estimate of $10.98 billion. During the same period in the prior year, the firm posted ($0.18) earnings per share. The firm’s quarterly revenue was up 81.1% compared to the same quarter last year. On average, equities research analysts forecast that The TJX Companies, Inc. will post 2.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 2nd. Stockholders of record on Thursday, November 11th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, November 9th. The TJX Companies’s dividend payout ratio (DPR) is presently 335.48%.

About The TJX Companies

The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.

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Institutional Ownership by Quarter for The TJX Companies (NYSE:TJX)

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