Verdence Capital Advisors LLC Acquires 477 Shares of The TJX Companies, Inc. (NYSE:TJX)

Verdence Capital Advisors LLC boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 5.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,612 shares of the apparel and home fashions retailer’s stock after purchasing an additional 477 shares during the quarter. Verdence Capital Advisors LLC’s holdings in TJX Companies were worth $1,012,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the second quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies in the 3rd quarter worth approximately $30,000. New Millennium Group LLC purchased a new position in shares of TJX Companies in the 2nd quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC bought a new stake in shares of TJX Companies during the second quarter valued at approximately $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on TJX. Barclays raised their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Robert W. Baird raised their target price on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Morgan Stanley boosted their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Loop Capital raised their price objective on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research 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’s stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Stock Up 0.8 %

Shares of TJX Companies stock opened at $117.83 on Monday. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.13. 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 company’s 50 day moving average is $116.07 and its 200 day moving average is $110.71. The company has a market cap of $132.90 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.98 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released 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 firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. Research analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

Insider Transactions at TJX Companies

In related 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 value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

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.