First Trust Direct Indexing L.P. Acquires 5,207 Shares of The TJX Companies, Inc. (NYSE:TJX)

First Trust Direct Indexing L.P. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,104 shares of the apparel and home fashions retailer's stock after acquiring an additional 5,207 shares during the quarter. First Trust Direct Indexing L.P.'s holdings in TJX Companies were worth $5,537,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer's stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. PineStone Asset Management Inc. lifted its stake in shares of TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer's stock worth $602,004,000 after acquiring an additional 3,132,960 shares during the period. Ameriprise Financial Inc. boosted its holdings in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer's stock valued at $1,347,934,000 after acquiring an additional 3,063,318 shares during the last quarter. Capital Wealth Planning LLC acquired a new stake in TJX Companies during the 2nd quarter valued at approximately $315,698,000. Finally, Los Angeles Capital Management LLC raised its holdings in TJX Companies by 80.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer's stock worth $324,044,000 after purchasing an additional 1,313,517 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TJX shares. BMO Capital Markets increased their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their target price on TJX Companies from $100.00 to $115.00 and gave the stock an "equal weight" rating in a report on Thursday, August 22nd. UBS Group upped their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a "buy" rating in a report on Thursday, August 22nd. Evercore ISI raised their price objective on TJX Companies from $115.00 to $126.00 and gave the company an "outperform" rating in a research note on Monday, August 19th. Finally, StockNews.com raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Sunday, September 15th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.76.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

TJX traded down $1.13 during trading on Wednesday, hitting $112.98. 3,763,684 shares of the company traded hands, compared to its average volume of 5,227,375. The firm has a market cap of $127.43 billion, a P/E ratio of 27.56, a price-to-earnings-growth ratio of 2.88 and a beta of 0.89. 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 TJX Companies, Inc. has a one year low of $87.22 and a one year high of $121.13. The stock's fifty day moving average is $116.82 and its 200 day moving average is $109.65.

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

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies's dividend payout ratio (DPR) is currently 36.23%.

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.