Quest Partners LLC Purchases 23,436 Shares of The TJX Companies, Inc. (NYSE:TJX)

Quest Partners LLC grew its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 622.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,202 shares of the apparel and home fashions retailer's stock after purchasing an additional 23,436 shares during the quarter. Quest Partners LLC's holdings in TJX Companies were worth $3,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TJX. Janus Henderson Group PLC grew its holdings in TJX Companies by 2.7% in the 1st quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer's stock worth $1,341,392,000 after acquiring an additional 346,938 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer's stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. Ameriprise Financial Inc. grew its stake in shares of 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 worth $1,347,934,000 after purchasing an additional 3,063,318 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in TJX Companies by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer's stock valued at $689,812,000 after purchasing an additional 662,681 shares during the period. Finally, 1832 Asset Management L.P. increased its holdings in TJX Companies by 14.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 6,116,142 shares of the apparel and home fashions retailer's stock valued at $673,387,000 after purchasing an additional 759,427 shares during the period. Institutional investors own 91.09% of the company's stock.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

TJX Companies Stock Down 0.3 %

TJX stock traded down $0.30 during trading on Monday, hitting $119.67. 5,089,195 shares of the stock traded hands, compared to its average volume of 5,228,899. The firm's 50 day moving average is $116.38 and its two-hundred day moving average is $111.86. The stock has a market cap of $134.97 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $87.44 and a 1 year high of $122.10. 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 released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company had revenue of $13.47 billion for the quarter, compared to analysts' expectations of $13.31 billion. During the same period last year, the firm posted $0.85 earnings per share. TJX Companies's revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.14 EPS for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies's dividend payout ratio is currently 36.23%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TJX. BMO Capital Markets lifted their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. UBS Group lifted their price target 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. TD Cowen upped their price objective on shares of TJX Companies from $125.00 to $130.00 and gave the stock a "buy" rating in a report on Friday. Evercore ISI raised their target price on shares of TJX Companies from $115.00 to $126.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Finally, Jefferies Financial Group boosted their price target 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. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $127.41.

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.