Strategy Asset Managers LLC Takes $751,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Strategy Asset Managers LLC purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,386 shares of the apparel and home fashions retailer's stock, valued at approximately $751,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TJX. First Trust Direct Indexing L.P. raised its stake in shares of 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 worth $5,537,000 after purchasing an additional 5,207 shares during the period. Price T Rowe Associates Inc. MD boosted 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. Swedbank AB grew its position in shares of TJX Companies by 45.9% during the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer's stock valued at $114,722,000 after acquiring an additional 327,684 shares during the period. EP Wealth Advisors LLC increased its stake in shares of TJX Companies by 229.8% during the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer's stock worth $24,387,000 after purchasing an additional 154,342 shares during the last quarter. Finally, Lombard Odier Asset Management Europe Ltd bought a new stake in shares of TJX Companies in the 2nd quarter worth approximately $2,310,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $119.74 on Thursday. The firm's 50 day simple moving average is $116.46 and its 200-day simple moving average is $112.09. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $122.10. The stock has a market capitalization of $135.05 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 3.03 and a beta of 0.89. 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 issued its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. Analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current 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 paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies's dividend payout ratio is currently 36.23%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm's 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents 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 this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TJX. Robert W. Baird upped their price target on shares of TJX Companies from $113.00 to $128.00 and gave the company an "outperform" rating in a research note on Thursday, August 22nd. Jefferies Financial Group raised their price target on TJX Companies from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Bank of America boosted their price objective on TJX Companies from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Morgan Stanley raised their target price on TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research note on Thursday, August 22nd. Finally, Evercore ISI upped their price target on TJX Companies from $115.00 to $126.00 and gave the company an "outperform" rating in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average 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.