Second Half Financial Partners LLC Acquires Shares of 2,290 The TJX Companies, Inc. (NYSE:TJX)

Second Half Financial Partners LLC bought a new position in The TJX Companies, Inc. (NYSE:TJX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,290 shares of the apparel and home fashions retailer’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Richard W. Paul & Associates LLC bought a new stake in TJX Companies during the 2nd quarter valued at $25,000. Capital Performance Advisors LLP purchased a new position in shares of TJX Companies in the third quarter valued at $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at $30,000. New Millennium Group LLC purchased a new stake in TJX Companies during the 2nd quarter worth about $34,000. Finally, Anfield Capital Management LLC bought a new position in TJX Companies in the 2nd quarter worth about $37,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $119.67 on Tuesday. The stock has a market capitalization of $134.97 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company has a fifty day moving average of $116.38 and a 200-day moving average of $111.86. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $122.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. Equities research analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.25%. TJX Companies’s dividend payout ratio (DPR) is currently 36.23%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TJX shares. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Wednesday, November 13th. TD Cowen raised their price target on shares of TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a report on Friday. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Finally, Morgan Stanley increased their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $127.41.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s 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 sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.