Quest Partners LLC Has $3.20 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Quest Partners LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 622.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,202 shares of the apparel and home fashions retailer’s stock after buying an additional 23,436 shares during the quarter. Quest Partners LLC’s holdings in TJX Companies were worth $3,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of TJX Companies by 35.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. PineStone Asset Management Inc. lifted its holdings in TJX Companies by 134.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after buying an additional 3,132,960 shares during the period. Ameriprise Financial Inc. lifted its holdings in TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after buying an additional 3,063,318 shares during the period. Capital Wealth Planning LLC bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $315,698,000. Finally, Los Angeles Capital Management LLC increased its stake in shares of TJX Companies by 80.6% in the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after buying an additional 1,313,517 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the company’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 sale, the chief executive officer now owns 536,148 shares in the company, valued at $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 is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several analyst reports. Robert W. Baird upped their target price on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Loop Capital upped their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Wednesday, November 13th. Jefferies Financial Group boosted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Company increased their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.41.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $119.97 on Monday. The stock’s 50 day moving average is $116.33 and its 200-day moving average is $111.69. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $122.10. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $135.31 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.04 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

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.