Commonwealth Retirement Investments LLC Buys 581 Shares of The TJX Companies, Inc. (NYSE:TJX)

Commonwealth Retirement Investments LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 6.2% during the third quarter, Holdings Channel reports. The institutional investor owned 10,000 shares of the apparel and home fashions retailer’s stock after purchasing an additional 581 shares during the quarter. Commonwealth Retirement Investments LLC’s holdings in TJX Companies were worth $1,175,000 as of its most recent SEC filing.

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

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock traded up $1.03 during mid-day trading on Tuesday, reaching $119.09. The company had a trading volume of 558,172 shares, compared to its average volume of 5,216,126. The business has a fifty day simple moving average of $116.09 and a 200 day simple moving average of $110.97. The company has a market cap of $134.32 billion, a P/E ratio of 28.52, a P/E/G ratio of 2.98 and a beta of 0.89. 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 fifty-two week low of $87.26 and a fifty-two week high of $121.13.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data 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. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

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 issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is presently 36.23%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TJX shares. Barclays upped their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. TD Cowen upped their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Evercore ISI increased their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group lifted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Company 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.