The TJX Companies, Inc. (NYSE:TJX) Stock Position Raised by Consolidated Planning Corp

Consolidated Planning Corp increased its stake in shares of The TJX Companies, Inc. (NYSE:TJXGet Rating) by 6.0% during the third quarter, HoldingsChannel.com reports. The fund owned 23,249 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,306 shares during the period. Consolidated Planning Corp’s holdings in TJX Companies were worth $1,444,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TJX. Empirical Finance LLC lifted its position in shares of TJX Companies by 5.8% during the 2nd quarter. Empirical Finance LLC now owns 24,471 shares of the apparel and home fashions retailer’s stock worth $1,367,000 after buying an additional 1,331 shares during the period. Charter Oak Capital Management LLC bought a new stake in shares of TJX Companies during the second quarter worth $51,000. Hennion & Walsh Asset Management Inc. raised its position in shares of TJX Companies by 26.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 51,972 shares of the apparel and home fashions retailer’s stock worth $2,903,000 after acquiring an additional 10,917 shares during the last quarter. Smith Salley & Associates grew its stake in shares of TJX Companies by 1.5% during the third quarter. Smith Salley & Associates now owns 309,394 shares of the apparel and home fashions retailer’s stock worth $19,219,000 after purchasing an additional 4,430 shares during the period. Finally, Sumitomo Life Insurance Co. grew its stake in shares of TJX Companies by 1.9% during the second quarter. Sumitomo Life Insurance Co. now owns 31,591 shares of the apparel and home fashions retailer’s stock worth $1,764,000 after purchasing an additional 578 shares during the period. Institutional investors and hedge funds own 91.30% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Carol Meyrowitz sold 16,223 shares of TJX Companies stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $79.79, for a total transaction of $1,294,433.17. Following the sale, the chairman now directly owns 209,390 shares in the company, valued at $16,707,228.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, EVP Kenneth Canestrari sold 4,100 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $78.51, for a total value of $321,891.00. Following the sale, the executive vice president now owns 126,822 shares in the company, valued at $9,956,795.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Carol Meyrowitz sold 16,223 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $79.79, for a total transaction of $1,294,433.17. Following the completion of the sale, the chairman now owns 209,390 shares in the company, valued at approximately $16,707,228.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,231 shares of company stock worth $2,405,249. 0.19% of the stock is currently owned by corporate insiders.

TJX Companies Stock Performance

NYSE TJX opened at $81.00 on Wednesday. The firm has a market cap of $93.60 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 2.42 and a beta of 0.89. The company has a 50-day simple moving average of $79.75 and a two-hundred day simple moving average of $70.27. The company has a quick ratio of 0.41, a current ratio of 1.16 and a debt-to-equity ratio of 0.50. The TJX Companies, Inc. has a 12-month low of $53.69 and a 12-month high of $83.13.

TJX Companies (NYSE:TJXGet Rating) last released its quarterly earnings data on Wednesday, November 16th. The apparel and home fashions retailer reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The firm had revenue of $12.17 billion during the quarter, compared to analyst estimates of $12.27 billion. TJX Companies had a return on equity of 62.97% and a net margin of 6.90%. On average, equities analysts forecast that The TJX Companies, Inc. will post 3.12 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 2nd. Investors of record on Thursday, February 9th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Wednesday, February 8th. TJX Companies’s payout ratio is 41.11%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TJX shares. Morgan Stanley boosted their target price on TJX Companies from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, November 17th. Telsey Advisory Group upped their price objective on TJX Companies from $86.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 17th. The Goldman Sachs Group upped their target price on TJX Companies from $71.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, November 17th. Citigroup upped their target price on TJX Companies from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, November 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $79.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, November 17th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.67.

TJX Companies Company Profile

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The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.

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

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