Aigen Investment Management LP Has $4.43 Million Holdings in The TJX Companies, Inc. (NYSE:TJX)

Aigen Investment Management LP increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 237.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,716 shares of the apparel and home fashions retailer’s stock after acquiring an additional 26,555 shares during the period. TJX Companies makes up about 0.9% of Aigen Investment Management LP’s holdings, making the stock its 9th biggest position. Aigen Investment Management LP’s holdings in TJX Companies were worth $4,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the second quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the third quarter valued at approximately $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the 3rd quarter worth approximately $30,000. New Millennium Group LLC bought a new position in shares of TJX Companies in the 2nd quarter worth $34,000. Finally, Anfield Capital Management LLC purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $37,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Up 0.9 %

NYSE:TJX traded up $1.02 during mid-day trading on Tuesday, reaching $119.08. 216,314 shares of the company’s stock traded hands, compared to its average volume of 5,214,565. The TJX Companies, Inc. has a 12-month low of $87.26 and a 12-month high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The company has a 50 day moving average price of $116.09 and a 200-day moving average price of $110.97. The firm has a market capitalization of $134.31 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.98 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.26%. TJX Companies’s dividend payout ratio (DPR) is currently 36.23%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TJX. Jefferies Financial Group upped their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. BMO Capital Markets raised their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. TD Cowen increased their price target on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Barclays boosted their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

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.