McAdam LLC Grows Holdings in The TJX Companies, Inc. (NYSE:TJX)

McAdam LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 7,446 shares of the apparel and home fashions retailer’s stock after buying an additional 530 shares during the quarter. McAdam LLC’s holdings in TJX Companies were worth $875,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wallington Asset Management LLC lifted its holdings in shares of TJX Companies by 2.7% in the 3rd quarter. Wallington Asset Management LLC now owns 273,026 shares of the apparel and home fashions retailer’s stock worth $32,091,000 after acquiring an additional 7,245 shares during the last quarter. Courier Capital LLC bought a new stake in TJX Companies during the 3rd quarter valued at $2,614,000. Commerzbank Aktiengesellschaft FI raised its holdings in TJX Companies by 32.8% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 4,294 shares of the apparel and home fashions retailer’s stock valued at $505,000 after buying an additional 1,060 shares during the last quarter. Meadow Creek Wealth Advisors LLC raised its holdings in TJX Companies by 10.2% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 2,807 shares of the apparel and home fashions retailer’s stock valued at $330,000 after buying an additional 260 shares during the last quarter. Finally, Bank Pictet & Cie Europe AG raised its holdings in TJX Companies by 4.3% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 32,187 shares of the apparel and home fashions retailer’s stock valued at $3,783,000 after buying an additional 1,313 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.0 %

NYSE TJX opened at $114.19 on Friday. 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 has a fifty day moving average of $116.67 and a two-hundred day moving average of $109.05. The firm has a market capitalization of $128.79 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 2.91 and a beta of 0.89. 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 released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. During the same period last year, the company earned $0.85 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.31%. TJX Companies’s dividend payout ratio (DPR) is 36.23%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TJX. Evercore ISI upped their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Barclays upped their target price on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. UBS Group upped their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Robert W. Baird increased their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated Tuesday, September 10th. The stock was 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 in the company, 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 legal filing with the SEC, which is available through 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.