The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by FORA Capital LLC

FORA Capital LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 60.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 17,596 shares of the apparel and home fashions retailer’s stock after buying an additional 6,661 shares during the period. FORA Capital LLC’s holdings in TJX Companies were worth $2,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. First Trust Direct Indexing L.P. raised its holdings 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. Swedbank AB lifted its holdings in shares of TJX Companies by 45.9% in the second quarter. Swedbank AB now owns 1,041,982 shares of the apparel and home fashions retailer’s stock valued at $114,722,000 after buying an additional 327,684 shares during the period. EP Wealth Advisors LLC boosted its stake in TJX Companies by 229.8% during the second 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 in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new position in TJX Companies during the second quarter worth about $2,310,000. Finally, Transform Wealth LLC raised its position in TJX Companies by 10.2% in the third quarter. Transform Wealth LLC now owns 92,705 shares of the apparel and home fashions retailer’s stock worth $10,897,000 after acquiring an additional 8,553 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TJX shares. BMO Capital Markets raised their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Jefferies Financial Group raised their price objective on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley boosted their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $129.47.

TJX Companies Stock Performance

TJX stock opened at $126.36 on Thursday. The firm has a 50 day simple moving average of $116.97 and a 200 day simple moving average of $112.98. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $128.00. The stock has a market cap of $142.52 billion, a P/E ratio of 29.73, a P/E/G ratio of 3.10 and a beta of 0.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the business posted $1.03 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders 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 yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction dated 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

TJX Companies 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.