Benjamin Edwards Inc. Purchases 1,876 Shares of The TJX Companies, Inc. (NYSE:TJX)

Benjamin Edwards Inc. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.8% during the second quarter, Holdings Channel reports. The firm owned 25,964 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,876 shares during the period. Benjamin Edwards Inc.’s holdings in TJX Companies were worth $2,859,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies during the second quarter valued at about $25,000. Valued Wealth Advisors LLC lifted its position in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after purchasing an additional 177 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in shares of TJX Companies during the fourth quarter valued at about $27,000. New Millennium Group LLC bought a new position in shares of TJX Companies during the second quarter valued at about $34,000. Finally, OFI Invest Asset Management bought a new position in shares of TJX Companies during the first quarter valued at about $30,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Performance

NYSE TJX opened at $118.29 on Friday. The company’s 50 day moving average is $114.76 and its 200-day moving average is $106.01. The TJX Companies, Inc. has a 12-month low of $86.71 and a 12-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 firm has a market cap of $133.42 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.27%. TJX Companies’s dividend payout ratio is currently 37.22%.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business’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 transaction 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TJX shares. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and raised their price target for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Loop Capital lifted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. BMO Capital Markets lifted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Evercore ISI lifted their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research report on Monday, August 19th. Three 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, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

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.