Buckley Wealth Management LLC Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Buckley Wealth Management LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 19,547 shares of the apparel and home fashions retailer’s stock after buying an additional 529 shares during the quarter. TJX Companies makes up approximately 0.7% of Buckley Wealth Management LLC’s investment portfolio, making the stock its 29th biggest holding. Buckley Wealth Management LLC’s holdings in TJX Companies were worth $2,298,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock worth $9,886,073,000 after acquiring an additional 1,269,792 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of TJX Companies by 2.7% during the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock valued at $1,341,392,000 after buying an additional 346,938 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the period. Ameriprise Financial Inc. grew its stake in shares of TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of TJX Companies by 3.9% in the first quarter. Jennison Associates LLC now owns 9,392,061 shares of the apparel and home fashions retailer’s stock worth $952,543,000 after buying an additional 351,400 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.2 %

Shares of TJX stock traded up $0.23 during trading hours on Friday, reaching $117.71. 3,478,101 shares of the company’s stock were exchanged, compared to its average volume of 4,847,082. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The company has a market cap of $132.76 billion, a price-to-earnings ratio of 28.43, a P/E/G ratio of 2.97 and a beta of 0.89. The TJX Companies, Inc. has a fifty-two week low of $86.92 and a fifty-two week high of $121.13. The stock’s 50 day moving average is $116.40 and its 200-day moving average is $108.66.

TJX Companies (NYSE:TJX) last announced its 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 company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. Analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. TJX Companies’s payout ratio is 36.23%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Barclays lifted their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Finally, Loop Capital lifted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Company Profile

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.