Westfield Capital Management Co. LP Increases Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Westfield Capital Management Co. LP grew its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,408 shares of the apparel and home fashions retailer’s stock after purchasing an additional 1,209 shares during the period. Westfield Capital Management Co. LP’s holdings in TJX Companies were worth $8,276,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Centaurus Financial Inc. purchased a new stake in TJX Companies during the 3rd quarter worth $101,000. Swedbank AB grew its stake in TJX Companies by 16.6% during the 3rd quarter. Swedbank AB now owns 1,214,914 shares of the apparel and home fashions retailer’s stock valued at $142,801,000 after purchasing an additional 172,932 shares in the last quarter. Algert Global LLC increased its holdings in TJX Companies by 842.0% during the 3rd quarter. Algert Global LLC now owns 43,409 shares of the apparel and home fashions retailer’s stock worth $5,102,000 after purchasing an additional 38,801 shares during the last quarter. One Charles Private Wealth Services LLC acquired a new position in shares of TJX Companies in the 3rd quarter valued at approximately $202,000. Finally, Cerity Partners LLC boosted its stake in shares of TJX Companies by 9.0% during the 3rd quarter. Cerity Partners LLC now owns 1,347,670 shares of the apparel and home fashions retailer’s stock valued at $158,405,000 after buying an additional 110,975 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TJX has been the topic of several recent analyst reports. Barclays upped their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. TD Cowen boosted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday. Finally, Bank of America raised their target price on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.47.

TJX Companies Stock Up 1.4 %

Shares of TJX stock opened at $121.47 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market cap of $137.00 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The business’s fifty day moving average is $116.52 and its 200-day moving average is $112.51. The TJX Companies, Inc. has a 1 year low of $87.44 and a 1 year high of $122.10.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping 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 firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same period in the previous year, the business earned $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share 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 given a dividend of $0.375 per share. 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%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the 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 owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.