Semanteon Capital Management LP Invests $1.13 Million in The TJX Companies, Inc. (NYSE:TJX)

Semanteon Capital Management LP acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,617 shares of the apparel and home fashions retailer's stock, valued at approximately $1,130,000.

A number of other large investors also recently modified their holdings of the stock. Canoe Financial LP purchased a new stake in TJX Companies in the 3rd quarter valued at $18,833,000. Pointe Capital Management LLC grew its position in TJX Companies by 5.1% in the 3rd quarter. Pointe Capital Management LLC now owns 9,132 shares of the apparel and home fashions retailer's stock worth $1,073,000 after purchasing an additional 439 shares in the last quarter. Sterling Investment Advisors Ltd. purchased a new stake in TJX Companies in the 3rd quarter valued at about $591,000. Park Edge Advisors LLC lifted its position in shares of TJX Companies by 65.6% during the 3rd quarter. Park Edge Advisors LLC now owns 11,637 shares of the apparel and home fashions retailer's stock worth $1,368,000 after buying an additional 4,611 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its stake in shares of TJX Companies by 51.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 17,987 shares of the apparel and home fashions retailer's stock worth $2,114,000 after buying an additional 6,116 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE TJX traded up $0.35 during trading hours on Monday, hitting $114.17. The company had a trading volume of 2,783,948 shares, compared to its average volume of 5,242,353. 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 firm has a market capitalization of $128.77 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 2.88 and a beta of 0.89. The TJX Companies, Inc. has a 52 week low of $87.05 and a 52 week high of $121.13. The firm has a 50 day simple moving average of $116.81 and a 200 day simple moving average of $109.51.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $13.47 billion during 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%. TJX Companies's revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. Equities research analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed 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 1.31%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies's dividend payout ratio is 36.23%.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research analyst reports. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. TD Cowen increased their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Barclays lifted their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and an average target price of $126.76.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by company insiders.

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.