Y Intercept Hong Kong Ltd Acquires New Stake in The TJX Companies, Inc. (NYSE:TJX)

Y Intercept Hong Kong Ltd acquired a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 26,655 shares of the apparel and home fashions retailer's stock, valued at approximately $3,133,000.

Other hedge funds have also recently bought and sold shares of the company. Hartford Funds Management Co LLC grew its holdings in TJX Companies by 0.5% in the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer's stock valued at $2,107,000 after buying an additional 86 shares during the last quarter. Stablepoint Partners LLC boosted its holdings in TJX Companies by 0.3% in the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer's stock valued at $3,164,000 after purchasing an additional 89 shares during the period. Dearborn Partners LLC increased its holdings in shares of TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer's stock worth $260,000 after purchasing an additional 90 shares during the period. Concorde Asset Management LLC raised its position in shares of TJX Companies by 2.8% during the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer's stock valued at $367,000 after buying an additional 90 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its position in shares of TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer's stock valued at $318,000 after buying an additional 90 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. BMO Capital Markets raised 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. Robert W. Baird lifted their price target on shares of TJX Companies from $133.00 to $138.00 and gave the stock an "outperform" rating in a research note on Thursday, December 5th. Guggenheim increased their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Finally, Evercore ISI increased their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.89.

TJX Companies Price Performance

Shares of TJX stock traded up $1.30 during trading hours on Tuesday, reaching $127.20. 5,997,236 shares of the company were exchanged, compared to its average volume of 5,244,579. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a market cap of $142.99 billion, a price-to-earnings ratio of 29.93, a P/E/G ratio of 3.10 and a beta of 0.90. The stock's fifty day moving average is $118.26 and its two-hundred day moving average is $114.58. The TJX Companies, Inc. has a fifty-two week low of $88.58 and a fifty-two week high of $128.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The firm 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 61.82% and a net margin of 8.63%. The business'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 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a yield of 1.18%. TJX Companies's dividend payout ratio is presently 35.29%.

About TJX Companies

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.