Eagle Asset Management Inc. Acquires 12,059 Shares of The TJX Companies, Inc. (NYSE:TJX)

Eagle Asset Management Inc. raised its holdings in The TJX Companies, Inc. (NYSE:TJX) by 22.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 64,814 shares of the apparel and home fashions retailer’s stock after acquiring an additional 12,059 shares during the quarter. Eagle Asset Management Inc.’s holdings in TJX Companies were worth $7,637,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Gamco Investors INC. ET AL boosted its position in shares of TJX Companies by 12.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer’s stock worth $284,000 after purchasing an additional 300 shares in the last quarter. Caxton Associates LP boosted its position in shares of TJX Companies by 122.7% during the first quarter. Caxton Associates LP now owns 15,341 shares of the apparel and home fashions retailer’s stock worth $1,556,000 after purchasing an additional 8,453 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of TJX Companies by 6.9% during the first quarter. Captrust Financial Advisors now owns 313,029 shares of the apparel and home fashions retailer’s stock worth $31,747,000 after purchasing an additional 20,070 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its position in shares of TJX Companies by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 4,500 shares of the apparel and home fashions retailer’s stock worth $456,000 after purchasing an additional 140 shares in the last quarter. Finally, Whalerock Point Partners LLC boosted its position in shares of TJX Companies by 0.9% during the first quarter. Whalerock Point Partners LLC now owns 39,803 shares of the apparel and home fashions retailer’s stock worth $4,037,000 after purchasing an additional 350 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TJX shares. BMO Capital Markets lifted their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Financial Group boosted their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research report on Wednesday, November 20th. Finally, Citigroup cut shares of 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 research report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $129.47.

TJX Companies Stock Up 1.4 %

TJX Companies stock opened at $121.47 on Monday. The firm has a market capitalization of $137.00 billion, a PE ratio of 28.58, a P/E/G ratio of 3.05 and a beta of 0.89. The company’s 50-day moving average is $116.52 and its 200-day moving average is $112.51. The TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $122.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.60.

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

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. TJX Companies’s dividend payout ratio is presently 35.29%.

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.