Oddo BHF Asset Management Sas Takes $890,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Oddo BHF Asset Management Sas purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,576 shares of the apparel and home fashions retailer's stock, valued at approximately $890,000.

A number of other large investors have also modified their holdings of the company. Hartford Funds Management Co LLC boosted its holdings in TJX Companies by 0.5% during the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock worth $2,107,000 after buying an additional 86 shares in the last quarter. Stablepoint Partners LLC boosted its stake in TJX Companies by 0.3% during the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer's stock valued at $3,164,000 after purchasing an additional 89 shares during the period. Dearborn Partners LLC increased its holdings in shares of TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer's stock worth $260,000 after purchasing an additional 90 shares during the period. Concorde Asset Management LLC increased its position in shares of TJX Companies by 2.8% during the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer's stock valued at $367,000 after purchasing an additional 90 shares during the period. Finally, Signature Estate & Investment Advisors LLC raised its position in TJX Companies by 3.4% in the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock worth $318,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX Companies stock traded down $1.57 during midday trading on Friday, reaching $124.85. 4,595,839 shares of the company traded hands, compared to its average volume of 5,128,591. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 12 month low of $88.58 and a 12 month high of $128.00. The firm has a market capitalization of $140.35 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 3.07 and a beta of 0.90. The business has a 50 day moving average of $119.11 and a two-hundred day moving average of $115.17.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.50 annualized dividend and a yield of 1.20%. TJX Companies's payout ratio is presently 35.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wells Fargo & Company boosted their price objective on TJX Companies from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 22nd. Bank of America increased their target price on TJX Companies from $115.00 to $135.00 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 report on Friday, December 6th. Loop Capital lifted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Finally, Robert W. Baird upped their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an "outperform" rating in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, TJX Companies has an average rating of "Moderate Buy" and a consensus price target of $130.89.

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.