Rockefeller Capital Management L.P. Purchases 65,155 Shares of The TJX Companies, Inc. (NYSE:TJX)

Rockefeller Capital Management L.P. boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 967,229 shares of the apparel and home fashions retailer’s stock after acquiring an additional 65,155 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.09% of TJX Companies worth $113,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. grew its position in shares of TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after purchasing an additional 5,207 shares during the period. Swedbank AB boosted its holdings in shares of TJX Companies by 45.9% in the second quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock valued at $114,722,000 after buying an additional 327,684 shares during the period. EP Wealth Advisors LLC increased its position in shares of TJX Companies by 229.8% during the second quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock worth $24,387,000 after acquiring an additional 154,342 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of TJX Companies during the second quarter worth $2,310,000. Finally, Transform Wealth LLC lifted its position in TJX Companies by 10.2% in the 3rd quarter. Transform Wealth LLC now owns 92,705 shares of the apparel and home fashions retailer’s stock valued at $10,897,000 after acquiring an additional 8,553 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on TJX shares. TD Cowen lifted their price target on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a report on Wednesday, November 20th. Barclays boosted their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Robert W. Baird raised their price target 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. Finally, Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $126.36 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $142.52 billion, a P/E ratio of 29.73, a P/E/G ratio of 3.11 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $128.00. The stock has a 50 day moving average of $117.14 and a 200-day moving average of $113.07.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 earnings per share. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business 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 1.19%. TJX Companies’s dividend payout ratio is currently 35.29%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction 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 sale, 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 SEC, which can be accessed through this hyperlink. Company 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.