Unique Wealth LLC holds $214,000 position in The TJX Companies, Inc. (NYSE:TJX)

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Unique Wealth LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,819 shares of the apparel and home fashions retailer’s stock, valued at approximately $214,000.

A number of other large investors have also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the second quarter valued at about $25,000. Valued Wealth Advisors LLC raised its stake in TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares in the last quarter. New Millennium Group LLC purchased a new stake in TJX Companies in the second quarter valued at $34,000. OFI Invest Asset Management acquired a new stake in TJX Companies in the first quarter worth approximately $30,000. Finally, AlphaMark Advisors LLC boosted its position in shares of TJX Companies by 58.4% in the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after acquiring an additional 122 shares in the last quarter. 91.09% of shares are currently owned by institutional investors and hedge funds.

Wall Street analysts weigh in

Several research firms recently weighed in on TJX. 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 note on Thursday, August 22nd. Evercore ISI upped their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Barclays boosted their price objective on shares of TJX Company from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Bank of America raised their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, BMO Capital Markets boosted their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $126.76, according to MarketBeat.com.

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Insider buying and selling

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of shares are currently owned by insiders.

Price Performance of TJX Companies

Shares of NYSE:TJX opened at $115.06 on Friday. TJX Companies, Inc. it has a 52-week low of $86.71 and a 52-week high of $121.13. The company has a 50-day moving average price of $115.58 and a 200-day moving average price of $107.41. The company has a market cap of $129.77 billion, a P/E ratio of 28.55, a PEG ratio of 2.94 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21, and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. In the same period last year, the company earned $0.85 per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research 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 declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14. This represents a dividend of $1.50 on an annualized basis and a dividend yield of 1.30%. TJX Companies’ payout ratio is 37.22%.

TJX Companies Profile

(Free report)

TJX Companies, Inc., together with its subsidiaries, operates as a discount apparel and home fashion retailer in the United States, Canada, Europe and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. The company sells clothing for the family, including footwear and accessories; home fashions such as home essentials, furniture, rugs, lighting, gifts, soft home products, decorative accessories, countertops and cookware, as well as extensive pet and gourmet food departments; jewelry and accessories; and other goods.