Congress Asset Management Co. Grows Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Congress Asset Management Co. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,215,804 shares of the apparel and home fashions retailer's stock after purchasing an additional 14,644 shares during the period. TJX Companies comprises 1.0% of Congress Asset Management Co.'s portfolio, making the stock its 25th biggest position. Congress Asset Management Co. owned 0.11% of TJX Companies worth $142,906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Nikulski Financial Inc. raised its position in TJX Companies by 1.9% during the 3rd quarter. Nikulski Financial Inc. now owns 12,860 shares of the apparel and home fashions retailer's stock valued at $1,512,000 after purchasing an additional 245 shares in the last quarter. Catalyst Financial Partners LLC raised its position in TJX Companies by 1.8% during the 3rd quarter. Catalyst Financial Partners LLC now owns 5,905 shares of the apparel and home fashions retailer's stock valued at $694,000 after purchasing an additional 107 shares in the last quarter. JFS Wealth Advisors LLC raised its position in TJX Companies by 34.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 10,518 shares of the apparel and home fashions retailer's stock valued at $1,236,000 after purchasing an additional 2,689 shares in the last quarter. Pinnacle Associates Ltd. raised its position in TJX Companies by 7.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 44,538 shares of the apparel and home fashions retailer's stock valued at $5,235,000 after purchasing an additional 3,009 shares in the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in TJX Companies by 12.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock valued at $5,537,000 after purchasing an additional 5,207 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company boosted their price target on TJX Companies from $100.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 22nd. BMO Capital Markets boosted their price target on TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. Barclays boosted their price target on TJX Companies from $114.00 to $136.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Loop Capital boosted their price target on TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Finally, TD Cowen boosted their price target on TJX Companies from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $126.76.

TJX Companies Stock Performance

Shares of TJX stock traded up $0.11 during mid-day trading on Thursday, reaching $113.06. The stock had a trading volume of 3,874,247 shares, compared to its average volume of 5,220,965. The business's fifty day moving average is $116.68 and its 200-day moving average is $109.68. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm has a market cap of $127.52 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.88 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.22 and a 1-year high of $121.13.

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 return on equity of 63.19% and a net margin of 8.56%. The company's revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.85 earnings per share. On average, research analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the firm's 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 sale, the chief executive officer now directly owns 536,148 shares of the company's stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate 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.