Avior Wealth Management LLC Has $1.68 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Avior Wealth Management LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 172.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,247 shares of the apparel and home fashions retailer’s stock after purchasing an additional 9,011 shares during the quarter. Avior Wealth Management LLC’s holdings in TJX Companies were worth $1,675,000 at the end of the most recent quarter.

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

TJX Companies Stock Performance

Shares of TJX opened at $119.57 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The firm has a market cap of $134.86 billion, a PE ratio of 28.88, a PEG ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $87.44 and a 1 year high of $122.10. The stock’s fifty day moving average price is $116.42 and its two-hundred day moving average price is $112.04.

TJX Companies (NYSE:TJX) last released 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 business had revenue of $13.47 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared 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. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research report on Wednesday, November 13th. Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Evercore ISI raised their price target 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. UBS Group upped their price objective 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. Finally, BMO Capital Markets increased their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.41.

TJX Companies 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.