MPS Loria Financial Planners LLC Invests $204,000 in The TJX Companies, Inc. (NYSE:TJX)

MPS Loria Financial Planners LLC acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the third quarter, HoldingsChannel reports. The fund acquired 1,735 shares of the apparel and home fashions retailer’s stock, valued at approximately $204,000.

Other institutional investors also recently bought and sold shares of the company. Foundations Investment Advisors LLC raised its holdings in shares of TJX Companies by 1,283.8% during the third quarter. Foundations Investment Advisors LLC now owns 45,998 shares of the apparel and home fashions retailer’s stock worth $5,407,000 after purchasing an additional 42,674 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of TJX Companies by 54.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 1,967 shares of the apparel and home fashions retailer’s stock worth $231,000 after acquiring an additional 690 shares during the last quarter. Copeland Capital Management LLC acquired a new position in shares of TJX Companies in the 3rd quarter worth approximately $30,000. Community Financial Services Group LLC lifted its holdings in shares of TJX Companies by 0.9% in the 3rd quarter. Community Financial Services Group LLC now owns 20,110 shares of the apparel and home fashions retailer’s stock worth $2,364,000 after acquiring an additional 177 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in TJX Companies by 1.7% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 240,635 shares of the apparel and home fashions retailer’s stock worth $28,284,000 after buying an additional 4,138 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

Shares of TJX opened at $115.66 on Tuesday. The firm has a 50-day moving average price of $116.48 and a 200 day moving average price of $108.88. The firm has a market capitalization of $130.45 billion, a PE ratio of 27.94, a P/E/G ratio of 2.97 and a beta of 0.89. 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 TJX Companies, Inc. has a 52-week low of $86.92 and a 52-week high of $121.13.

TJX Companies (NYSE:TJX) last announced its earnings results 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 firm 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%. TJX Companies’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is 36.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Evercore ISI lifted their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Jefferies Financial Group raised their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. TD Cowen lifted their target price on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Barclays lifted their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.