The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Caprock Group LLC

Caprock Group LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,510 shares of the apparel and home fashions retailer’s stock after buying an additional 2,521 shares during the quarter. Caprock Group LLC’s holdings in TJX Companies were worth $4,174,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TJX. First Trust Direct Indexing L.P. lifted its stake in TJX Companies by 12.4% during the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock worth $5,537,000 after purchasing an additional 5,207 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. Swedbank AB increased its stake in TJX Companies by 45.9% during the 2nd quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock worth $114,722,000 after buying an additional 327,684 shares during the period. UniSuper Management Pty Ltd increased its stake in TJX Companies by 176.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 25,293 shares of the apparel and home fashions retailer’s stock worth $2,565,000 after buying an additional 16,148 shares during the period. Finally, EP Wealth Advisors LLC boosted its position in TJX Companies by 229.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer’s stock valued at $24,387,000 after buying an additional 154,342 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 0.3 %

Shares of TJX stock opened at $119.67 on Tuesday. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $122.10. 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 business’s fifty day moving average price is $116.38 and its 200 day moving average price is $111.86. The firm has a market capitalization of $134.97 billion, a PE ratio of 28.91, a P/E/G ratio of 3.04 and a beta of 0.89.

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

TJX Companies Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TJX. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Wells Fargo & Company lifted their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Robert W. Baird raised their target price on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Loop Capital boosted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group lifted their price target on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company 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.