Algert Global LLC Purchases 38,801 Shares of The TJX Companies, Inc. (NYSE:TJX)

Algert Global LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 842.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,409 shares of the apparel and home fashions retailer's stock after purchasing an additional 38,801 shares during the quarter. Algert Global LLC's holdings in TJX Companies were worth $5,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the second quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies in the 3rd quarter worth $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the 3rd quarter worth $30,000. New Millennium Group LLC bought a new stake in TJX Companies in the second quarter worth $34,000. Finally, Northwest Investment Counselors LLC purchased a new stake in TJX Companies during the third quarter valued at about $37,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TJX. Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the stock a "buy" rating in a research note on Thursday. Loop Capital increased their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the company an "equal weight" rating in a research report on Thursday, August 22nd. TD Cowen upped their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday. Finally, Citigroup lowered TJX Companies from a "buy" rating to a "neutral" rating and upped their price target for the company from $110.00 to $128.00 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 company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $129.47.

TJX Companies Stock Performance

Shares of TJX stock traded up $3.37 during trading hours on Monday, reaching $124.84. The company had a trading volume of 8,923,319 shares, compared to its average volume of 5,268,915. The firm has a market cap of $140.80 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The business has a fifty day moving average price of $116.52 and a 200-day moving average price of $112.51. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $125.43.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.05. The company 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 firm's revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company 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 $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, November 14th. TJX Companies's dividend payout ratio is 35.29%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm's stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

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.