Segall Bryant & Hamill LLC Increases Position in The TJX Companies, Inc. (NYSE:TJX)

Segall Bryant & Hamill LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 288,132 shares of the apparel and home fashions retailer's stock after acquiring an additional 28,499 shares during the quarter. Segall Bryant & Hamill LLC's holdings in TJX Companies were worth $33,867,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC increased 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 valued at $1,341,392,000 after buying an additional 346,938 shares during the period. Price T Rowe Associates Inc. MD increased its stake 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 acquiring an additional 3,255,849 shares during the last quarter. Ameriprise Financial Inc. raised its position in TJX Companies by 33.4% during 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 purchasing an additional 3,063,318 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in TJX Companies by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer's stock worth $689,812,000 after purchasing an additional 662,681 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in shares of TJX Companies by 14.2% in 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 in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 0.1 %

TJX stock traded down $0.09 during mid-day trading on Wednesday, reaching $119.47. The company's stock had a trading volume of 4,504,990 shares, compared to its average volume of 5,228,217. The company has a market cap of $134.75 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $122.10. The business's 50 day moving average price is $116.42 and its 200 day moving average price is $112.04. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. TJX Companies's revenue was up 6.0% on a year-over-year basis. On average, equities research analysts predict 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 issued a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.26%. TJX Companies's payout ratio is currently 36.23%.

Analyst Ratings Changes

Several analysts recently weighed in on TJX shares. Loop Capital upped their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a "buy" rating in a research 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 research report on Friday, November 15th. Robert W. Baird boosted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Finally, Evercore ISI boosted their price objective on TJX Companies from $115.00 to $126.00 and gave the stock an "outperform" rating in a research report on Monday, August 19th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $127.41.

Insider Buying and Selling

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 value of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares of the company's stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is 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.