Empowered Funds LLC Boosts Stake in The TJX Companies, Inc. $TJX

Empowered Funds LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 66.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,998 shares of the apparel and home fashions retailer’s stock after acquiring an additional 30,779 shares during the period. Empowered Funds LLC’s holdings in TJX Companies were worth $9,508,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TJX. TCTC Holdings LLC grew its stake in shares of TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 145 shares during the period. Princeton Global Asset Management LLC acquired a new position in TJX Companies during the second quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in TJX Companies in the second quarter valued at about $32,000. True Wealth Design LLC increased its holdings in TJX Companies by 121.1% in the second quarter. True Wealth Design LLC now owns 272 shares of the apparel and home fashions retailer’s stock valued at $34,000 after buying an additional 149 shares in the last quarter. Finally, Activest Wealth Management lifted its position in shares of TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after acquiring an additional 314 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Up 0.5%

Shares of NYSE:TJX opened at $145.86 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $162.34 billion, a P/E ratio of 33.23, a P/E/G ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $148.11. The stock’s fifty day simple moving average is $142.54 and its 200-day simple moving average is $133.76.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $14.40 billion during the quarter, compared to analysts’ expectations of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies’s payout ratio is 38.72%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TJX shares. TD Cowen upped their price target on TJX Companies from $160.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Erste Group Bank initiated coverage on TJX Companies in a report on Friday, September 5th. They issued a “buy” rating on the stock. BTIG Research assumed coverage on TJX Companies in a research report on Tuesday, October 14th. They issued a “buy” rating and a $165.00 price target for the company. Barclays lifted their price target on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, Bank of America increased their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $151.75.

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.