Hartford Funds Management Co LLC Has $2.11 Million Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Hartford Funds Management Co LLC increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,926 shares of the apparel and home fashions retailer’s stock after acquiring an additional 86 shares during the period. TJX Companies comprises about 0.2% of Hartford Funds Management Co LLC’s investment portfolio, making the stock its 13th biggest position. Hartford Funds Management Co LLC’s holdings in TJX Companies were worth $2,107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the second quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies in the 3rd quarter worth about $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $30,000. New Millennium Group LLC bought a new position in TJX Companies during the 2nd quarter valued at about $34,000. Finally, Northwest Investment Counselors LLC acquired a new position in TJX Companies in the third quarter valued at about $37,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Loop Capital lifted their price objective on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft boosted their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com lowered TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday. Finally, TD Cowen upped their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

TJX Companies Price Performance

Shares of TJX stock opened at $121.47 on Friday. The firm’s 50 day moving average price is $116.52 and its two-hundred day moving average price is $112.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $122.10. The stock has a market cap of $137.00 billion, a PE ratio of 28.58, a PEG ratio of 3.05 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.23%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.