Conway Capital Management Inc. Makes New $623,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

Conway Capital Management Inc. purchased a new position in 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 (SEC). The institutional investor purchased 5,299 shares of the apparel and home fashions retailer's stock, valued at approximately $623,000.

A number of other large investors also recently modified their holdings of TJX. Hartford Funds Management Co LLC lifted its stake in TJX Companies by 0.5% in the 3rd 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 purchasing an additional 86 shares in the last quarter. Stablepoint Partners LLC raised its position in shares of TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer's stock worth $3,164,000 after buying an additional 89 shares in the last quarter. Dearborn Partners LLC raised its position in shares of TJX Companies by 4.0% in the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer's stock worth $260,000 after buying an additional 90 shares in the last quarter. Concorde Asset Management LLC boosted its stake in 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 buying an additional 90 shares during the period. Finally, Signature Estate & Investment Advisors LLC increased its stake in TJX Companies by 3.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock worth $318,000 after acquiring an additional 90 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TJX has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated an "outperform" rating and set a $134.00 price target on shares of TJX Companies in a research report on Friday. BMO Capital Markets boosted their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. Jefferies Financial Group increased their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Evercore ISI lifted their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Finally, StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TJX Companies has an average rating of "Moderate Buy" and an average target price of $130.89.

TJX Companies Trading Up 1.0 %

Shares of TJX Companies stock traded up $1.30 on Tuesday, hitting $127.20. The stock had a trading volume of 5,997,236 shares, compared to its average volume of 5,244,579. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a one year low of $88.58 and a one year high of $128.00. The stock's 50-day simple moving average is $118.26 and its two-hundred day simple moving average is $114.58. The stock has a market cap of $142.99 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 3.10 and a beta of 0.90.

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

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Thursday, February 13th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.18%. The ex-dividend date is Thursday, February 13th. TJX Companies's dividend payout ratio (DPR) is currently 35.29%.

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.