B. Metzler seel. Sohn & Co. Holding AG Invests $14.34 Million in The TJX Companies, Inc. (NYSE:TJX)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 121,965 shares of the apparel and home fashions retailer's stock, valued at approximately $14,336,000.

A number of other large investors also recently modified their holdings of the company. UniSuper Management Pty Ltd increased its stake in TJX Companies by 176.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer's stock worth $2,565,000 after purchasing an additional 16,148 shares during the period. Bessemer Group Inc. increased its stake in TJX Companies by 61.5% in the 1st quarter. Bessemer Group Inc. now owns 90,369 shares of the apparel and home fashions retailer's stock worth $9,167,000 after purchasing an additional 34,426 shares during the period. Lake Street Advisors Group LLC increased its stake in TJX Companies by 29.7% in the 1st quarter. Lake Street Advisors Group LLC now owns 12,059 shares of the apparel and home fashions retailer's stock worth $1,223,000 after purchasing an additional 2,764 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in TJX Companies by 137.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 213,373 shares of the apparel and home fashions retailer's stock worth $21,640,000 after purchasing an additional 123,566 shares during the period. Finally, Pitcairn Co. increased its stake in TJX Companies by 17.1% in the 1st quarter. Pitcairn Co. now owns 14,763 shares of the apparel and home fashions retailer's stock worth $1,497,000 after purchasing an additional 2,156 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business'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 sale, the chief executive officer now directly owns 536,148 shares of the company's stock, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.1 %

Shares of NYSE TJX traded down $0.10 during mid-day trading on Tuesday, hitting $119.57. 5,787,930 shares of the stock traded hands, compared to its average volume of 5,231,379. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $122.10. The company has a market cap of $134.86 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 3.04 and a beta of 0.89. The stock has a fifty day moving average price of $116.38 and a 200-day moving average price of $111.86.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The firm's revenue was up 5.6% on a year-over-year basis. Research analysts anticipate that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio (DPR) is 36.23%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TJX shares. Evercore ISI lifted their price target on TJX Companies from $115.00 to $126.00 and gave the stock an "outperform" rating in a research note on Monday, August 19th. Jefferies Financial Group lifted their price target on TJX Companies from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Wednesday, November 13th. Wells Fargo & Company lifted their price objective on TJX Companies from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 22nd. Finally, TD Cowen lifted their price objective on TJX Companies from $125.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $127.41.

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.