Rockefeller Capital Management L.P. Grows Stake in The TJX Companies, Inc. (NYSE:TJX)

Rockefeller Capital Management L.P. lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 967,229 shares of the apparel and home fashions retailer's stock after buying an additional 65,155 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.09% of TJX Companies worth $113,666,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TJX. Richard W. Paul & Associates LLC purchased a new stake in shares of TJX Companies during the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the third quarter worth approximately $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies in the 3rd quarter worth approximately $30,000. Finally, New Millennium Group LLC purchased a new stake in TJX Companies during the 2nd quarter valued at $34,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. Evercore ISI lifted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Barclays boosted their price target on TJX Companies from $114.00 to $136.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Morgan Stanley raised their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. Wells Fargo & Company upped their target price on shares of TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group increased their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $129.47.

TJX Companies Price Performance

NYSE:TJX traded down $0.67 on Friday, reaching $125.69. 2,846,625 shares of the company's stock traded hands, compared to its average volume of 5,252,924. The firm has a market cap of $141.76 billion, a PE ratio of 29.73, a P/E/G ratio of 3.11 and a beta of 0.89. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a 50-day simple moving average of $117.14 and a 200-day simple moving average of $113.07. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies's payout ratio is presently 35.29%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

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.