Vinva Investment Management Ltd Purchases 6,039 Shares of The TJX Companies, Inc. (NYSE:TJX)

Vinva Investment Management Ltd boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 13.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,273 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,039 shares during the period. Vinva Investment Management Ltd’s holdings in TJX Companies were worth $6,142,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LRI Investments LLC acquired a new stake in shares of TJX Companies during the first quarter worth $323,000. Swedbank AB acquired a new position in TJX Companies during the 1st quarter worth approximately $72,444,000. Atria Investments Inc lifted its position in shares of TJX Companies by 4.5% in the first quarter. Atria Investments Inc now owns 132,223 shares of the apparel and home fashions retailer’s stock worth $13,403,000 after purchasing an additional 5,737 shares in the last quarter. Community Trust & Investment Co. boosted its holdings in TJX Companies by 0.6% during the first quarter. Community Trust & Investment Co. now owns 189,339 shares of the apparel and home fashions retailer’s stock worth $19,203,000 after purchasing an additional 1,160 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in TJX Companies by 232.7% in the first quarter. Cetera Investment Advisers now owns 239,766 shares of the apparel and home fashions retailer’s stock valued at $24,317,000 after purchasing an additional 167,703 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $126.36 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm has a market cap of $142.52 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 3.10 and a beta of 0.89. The stock’s fifty day moving average price is $116.97 and its two-hundred day moving average price is $112.98. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $128.00.

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

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. TJX Companies’s payout ratio is 35.29%.

Insider Activity at TJX Companies

In other TJX Companies 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 value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Evercore ISI boosted their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Robert W. Baird raised their price target on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. BMO Capital Markets boosted their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Bank of America increased their price objective on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

TJX Companies Company 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.