Lombard Odier Asset Management Europe Ltd Acquires Shares of 20,985 The TJX Companies, Inc. (NYSE:TJX)

Lombard Odier Asset Management Europe Ltd bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,985 shares of the apparel and home fashions retailer's stock, valued at approximately $2,310,000.

A number of other institutional investors have also recently made changes to their positions in the company. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the second quarter worth $25,000. Valued Wealth Advisors LLC grew its stake in TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer's stock valued at $25,000 after acquiring an additional 177 shares in the last quarter. New Millennium Group LLC acquired a new stake in TJX Companies in the 2nd quarter valued at about $34,000. OFI Invest Asset Management purchased a new position in TJX Companies in the 1st quarter worth approximately $30,000. Finally, AlphaMark Advisors LLC boosted its holdings in shares of TJX Companies by 58.4% during the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer's stock worth $34,000 after purchasing an additional 122 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TJX. UBS Group raised their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Morgan Stanley raised their price objective on TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Jefferies Financial Group upped their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Telsey Advisory Group reiterated an "outperform" rating and set a $128.00 price target on shares of TJX Companies in a research report on Wednesday, August 21st. Finally, Citigroup lowered shares of TJX Companies from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $126.76.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on 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 directly owns 536,148 shares in the company, valued at $63,018,835.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Up 0.4 %

Shares of TJX Companies stock traded up $0.52 on Tuesday, reaching $117.65. 3,354,098 shares of the company were exchanged, compared to its average volume of 5,342,366. The stock's 50 day moving average price is $114.90 and its 200-day moving average price is $106.43. The company has a market cap of $132.96 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $86.71 and a 1-year high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company's revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies's payout ratio is 37.22%.

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.