CreativeOne Wealth LLC Acquires 1,802 Shares of The TJX Companies, Inc. (NYSE:TJX)

CreativeOne Wealth LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 10.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,572 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,802 shares during the period. CreativeOne Wealth LLC’s holdings in TJX Companies were worth $2,183,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in shares of TJX Companies by 232.7% in the 1st quarter. Cetera Investment Advisers now owns 239,766 shares of the apparel and home fashions retailer’s stock worth $24,317,000 after purchasing an additional 167,703 shares during the last quarter. Cetera Advisors LLC raised its stake in TJX Companies by 33.2% during the 1st quarter. Cetera Advisors LLC now owns 86,909 shares of the apparel and home fashions retailer’s stock worth $8,814,000 after buying an additional 21,667 shares during the period. Pathway Financial Advisers LLC acquired a new stake in TJX Companies during the 1st quarter worth $172,000. Westwood Holdings Group Inc. raised its stake in TJX Companies by 58.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 208,388 shares of the apparel and home fashions retailer’s stock worth $21,135,000 after buying an additional 76,744 shares during the period. Finally, Railway Pension Investments Ltd raised its stake in TJX Companies by 0.9% during the 1st quarter. Railway Pension Investments Ltd now owns 358,600 shares of the apparel and home fashions retailer’s stock worth $36,369,000 after buying an additional 3,300 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 0.1 %

TJX Companies stock opened at $126.36 on Friday. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market capitalization of $142.52 billion, a P/E ratio of 29.73, a PEG ratio of 3.11 and a beta of 0.89. The stock has a 50-day simple moving average of $117.14 and a 200 day simple moving average of $113.07.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter last year, the company posted $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 35.29%.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent research reports. Morgan Stanley lifted their price target on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. BMO Capital Markets lifted 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 lifted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Bank of America lifted their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Loop Capital lifted their price target on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

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.