The TJX Companies, Inc. (NYSE:TJX) Stock Position Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 178,957 shares of the apparel and home fashions retailer’s stock after purchasing an additional 947 shares during the period. Mutual of America Capital Management LLC’s holdings in TJX Companies were worth $11,808,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Dark Forest Capital Management LP bought a new position in shares of TJX Companies during the 2nd quarter valued at about $31,000. Herold Advisors Inc. bought a new position in shares of TJX Companies during the 3rd quarter valued at about $32,000. Rosenberg Matthew Hamilton boosted its position in shares of TJX Companies by 181.9% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 544 shares of the apparel and home fashions retailer’s stock valued at $36,000 after purchasing an additional 351 shares in the last quarter. Albion Financial Group UT bought a new position in shares of TJX Companies during the 2nd quarter valued at about $44,000. Finally, AdvisorNet Financial Inc boosted its position in shares of TJX Companies by 97.4% during the 3rd quarter. AdvisorNet Financial Inc now owns 754 shares of the apparel and home fashions retailer’s stock valued at $50,000 after purchasing an additional 372 shares in the last quarter. Institutional investors own 88.89% of the company’s stock.

In other TJX Companies news, CEO Ernie Herrman sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 8th. The stock was sold at an average price of $74.18, for a total value of $2,967,200.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.19% of the company’s stock.

A number of research firms have commented on TJX. Truist Securities began coverage on shares of TJX Companies in a research note on Thursday, December 16th. They set a “buy” rating and a $92.00 price objective for the company. Loop Capital upped their price objective on shares of TJX Companies from $65.00 to $70.00 and gave the company a “hold” rating in a research note on Thursday, November 18th. Cowen upped their price objective on shares of TJX Companies from $81.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, November 18th. Argus increased their price target on shares of TJX Companies from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, November 26th. Finally, Bank of America increased their price target on shares of TJX Companies from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, November 18th. Two analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and an average target price of $85.45.

Shares of TJX stock opened at $71.18 on Friday. The TJX Companies, Inc. has a 12 month low of $61.15 and a 12 month high of $77.35. The company has a quick ratio of 0.70, a current ratio of 1.29 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average is $72.52 and its two-hundred day moving average is $69.91. The company has a market cap of $84.91 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 17th. The apparel and home fashions retailer reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The company had revenue of $12.53 billion during the quarter, compared to analysts’ expectations of $12.27 billion. TJX Companies had a return on equity of 50.46% and a net margin of 5.85%. The business’s revenue was up 23.9% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. As a group, equities analysts expect that The TJX Companies, Inc. will post 2.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 3rd. Shareholders of record on Thursday, February 10th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, February 9th. TJX Companies’s payout ratio is 47.49%.

About TJX Companies

The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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