The TJX Companies, Inc. (NYSE:TJX) Shares Sold by Empower Advisory Group LLC

Empower Advisory Group LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 156,009 shares of the apparel and home fashions retailer’s stock after selling 3,314 shares during the period. Empower Advisory Group LLC’s holdings in TJX Companies were worth $18,337,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TJX. Avantax Advisory Services Inc. boosted its position in shares of TJX Companies by 2.6% in the first quarter. Avantax Advisory Services Inc. now owns 24,337 shares of the apparel and home fashions retailer’s stock worth $2,468,000 after acquiring an additional 607 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in shares of TJX Companies by 4.6% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 8,709 shares of the apparel and home fashions retailer’s stock worth $883,000 after acquiring an additional 380 shares during the last quarter. Banco BTG Pactual S.A. acquired a new stake in shares of TJX Companies in the first quarter worth approximately $3,318,000. Motco raised its holdings in TJX Companies by 0.7% in the first quarter. Motco now owns 112,586 shares of the apparel and home fashions retailer’s stock valued at $11,418,000 after buying an additional 815 shares during the period. Finally, J.Safra Asset Management Corp raised its holdings in TJX Companies by 15.5% in the first quarter. J.Safra Asset Management Corp now owns 1,381 shares of the apparel and home fashions retailer’s stock valued at $140,000 after buying an additional 185 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America raised their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company raised their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. UBS Group raised their price target 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. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Wednesday. Finally, Morgan Stanley raised their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.12.

TJX Companies Stock Up 1.1 %

Shares of NYSE:TJX opened at $121.19 on Thursday. 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 company has a fifty day simple moving average of $116.13 and a 200 day simple moving average of $111.14. The firm has a market cap of $136.69 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $87.26 and a 12-month high of $121.92.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping 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 business’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed 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 1.24%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is currently owned by corporate insiders.

About TJX Companies

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.