home Latest News Strategic Wealth Advisors Group LLC Makes New Investment in TJX Companies Inc (NYSE:TJX) – Trent Times

Strategic Wealth Advisors Group LLC Makes New Investment in TJX Companies Inc (NYSE:TJX) – Trent Times

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Strategic Wealth Advisors Group LLC purchased a new position in shares of TJX Companies Inc (NYSE:TJX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,441 shares of the apparel and home fashions retailer’s stock, valued at approximately $689,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. NewFocus Financial Group LLC increased its position in TJX Companies by 0.6% during the third quarter. NewFocus Financial Group LLC now owns 28,678 shares of the apparel and home fashions retailer’s stock worth $1,599,000 after buying an additional 171 shares in the last quarter. Aries Wealth Management boosted its holdings in shares of TJX Companies by 3.9% during the third quarter. Aries Wealth Management now owns 4,801 shares of the apparel and home fashions retailer’s stock worth $281,000 after purchasing an additional 179 shares during the last quarter. Landmark Bank boosted its holdings in shares of TJX Companies by 0.3% during the third quarter. Landmark Bank now owns 56,348 shares of the apparel and home fashions retailer’s stock worth $3,141,000 after purchasing an additional 191 shares during the last quarter. Liberty Wealth Management LLC boosted its holdings in shares of TJX Companies by 13.5% during the third quarter. Liberty Wealth Management LLC now owns 1,665 shares of the apparel and home fashions retailer’s stock worth $93,000 after purchasing an additional 198 shares during the last quarter. Finally, Seelaus Asset Management LLC boosted its holdings in shares of TJX Companies by 0.9% during the second quarter. Seelaus Asset Management LLC now owns 21,268 shares of the apparel and home fashions retailer’s stock worth $1,125,000 after purchasing an additional 200 shares during the last quarter. 88.63% of the stock is owned by institutional investors.

Several research firms have recently issued reports on TJX. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Wednesday, November 20th. Guggenheim raised their price objective on TJX Companies from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Evercore ISI restated a “buy” rating and set a $70.00 price objective on shares of TJX Companies in a report on Thursday, November 21st. Citigroup raised their price objective on TJX Companies from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, MKM Partners raised their price objective on TJX Companies to $70.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. TJX Companies has a consensus rating of “Buy” and an average price target of $64.32.

In related news, CEO Ernie Herrman sold 127,296 shares of TJX Companies stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $60.38, for a total value of $7,686,132.48. Following the transaction, the chief executive officer now owns 575,966 shares in the company, valued at $34,776,827.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Shares of TJX Companies stock opened at $60.40 on Tuesday. TJX Companies Inc has a twelve month low of $41.49 and a twelve month high of $61.69. The stock has a market capitalization of $73.90 billion, a P/E ratio of 28.63, a PEG ratio of 2.19 and a beta of 0.68. The company has a current ratio of 1.22, a quick ratio of 0.40 and a debt-to-equity ratio of 1.81. The business’s fifty day moving average price is $59.39 and its 200 day moving average price is $55.27.

TJX Companies (NYSE:TJX) last issued its earnings results on Tuesday, November 19th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.02. TJX Companies had a return on equity of 57.63% and a net margin of 7.70%. The firm had revenue of $10.45 billion for the quarter, compared to analysts’ expectations of $10.31 billion. During the same quarter last year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that TJX Companies Inc will post 2.63 EPS for the current year.

The company also recently announced a — dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.23 dividend. This represents a yield of 1.7%. The ex-dividend date is Wednesday, November 13th. TJX Companies’s payout ratio is currently 43.60%.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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