Mizuho Securities USA LLC Has $34.93 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Mizuho Securities USA LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 240.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 297,199 shares of the apparel and home fashions retailer's stock after buying an additional 209,876 shares during the period. Mizuho Securities USA LLC's holdings in TJX Companies were worth $34,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of TJX. Richard W. Paul & Associates LLC acquired a new position in TJX Companies in the second quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter worth about $29,000. Copeland Capital Management LLC acquired a new stake in TJX Companies in the 3rd quarter valued at about $30,000. New Millennium Group LLC acquired a new position in shares of TJX Companies during the second quarter worth approximately $34,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of TJX Companies during the third quarter valued at approximately $37,000. Institutional investors own 91.09% of the company's stock.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the company's stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TJX shares. TD Cowen upped their price objective on TJX Companies from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday. BMO Capital Markets boosted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an "outperform" rating in a report on Thursday, August 22nd. Evercore ISI increased their target price on shares of TJX Companies from $115.00 to $126.00 and gave the stock an "outperform" rating in a report on Monday, August 19th. Loop Capital boosted their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Finally, StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and an average price target of $127.41.

TJX Companies Stock Up 0.1 %

Shares of NYSE:TJX traded up $0.06 during midday trading on Friday, reaching $119.97. The company had a trading volume of 5,103,496 shares, compared to its average volume of 4,488,200. The business's 50 day moving average price is $116.33 and its 200 day moving average price is $111.44. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $122.10. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The stock has a market cap of $135.31 billion, a PE ratio of 28.98, a P/E/G ratio of 3.03 and a beta of 0.89.

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

TJX Companies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. TJX Companies's dividend payout ratio is currently 36.23%.

TJX Companies Company 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.