The TJX Companies, Inc. (NYSE:TJX) Stock Position Increased by Stonegate Investment Group LLC

Stonegate Investment Group LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 458,395 shares of the apparel and home fashions retailer’s stock after purchasing an additional 11,497 shares during the quarter. TJX Companies comprises 1.4% of Stonegate Investment Group LLC’s holdings, making the stock its 29th biggest position. Stonegate Investment Group LLC’s holdings in TJX Companies were worth $53,880,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC increased its stake in TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares during the period. New Millennium Group LLC acquired a new position in TJX Companies during the 2nd quarter valued at about $34,000. OFI Invest Asset Management acquired a new position in shares of TJX Companies in the 1st quarter worth approximately $30,000. Finally, AlphaMark Advisors LLC grew its stake in shares of TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock worth $34,000 after purchasing an additional 122 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

TJX Companies Trading Up 0.0 %

NYSE:TJX traded up $0.01 during trading hours on Friday, hitting $117.49. 545,490 shares of the stock were exchanged, compared to its average volume of 5,280,153. The company’s 50 day moving average is $116.26 and its two-hundred day moving average is $108.48. The TJX Companies, Inc. has a twelve month low of $86.92 and a twelve month high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $132.51 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share 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 given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TJX. UBS Group lifted their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Jefferies Financial Group lifted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Barclays raised their price target on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, TD Cowen boosted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.76.

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.