Principal Street Partners LLC Acquires 2,286 Shares of The TJX Companies, Inc. (NYSE:TJX)

Principal Street Partners LLC lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 81.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,096 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,286 shares during the quarter. Principal Street Partners LLC’s holdings in TJX Companies were worth $565,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Gamco Investors INC. ET AL lifted its holdings in 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 acquiring an additional 300 shares during the period. Empirical Capital Management LLC increased its holdings in TJX Companies by 29.0% during the first quarter. Empirical Capital Management LLC now owns 100,000 shares of the apparel and home fashions retailer’s stock worth $10,142,000 after buying an additional 22,500 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in TJX Companies in the first quarter worth about $931,000. Hancock Whitney Corp boosted its stake in TJX Companies by 398.8% in the first quarter. Hancock Whitney Corp now owns 131,158 shares of the apparel and home fashions retailer’s stock valued at $13,302,000 after acquiring an additional 104,861 shares during the last quarter. Finally, Comerica Bank grew its position in shares of TJX Companies by 0.5% during the 1st quarter. Comerica Bank now owns 390,597 shares of the apparel and home fashions retailer’s stock valued at $39,614,000 after acquiring an additional 1,989 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Evercore ISI upped their price objective on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. TD Cowen lifted their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday. Robert W. Baird upped their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.47.

TJX Companies Price Performance

Shares of TJX stock traded up $0.44 on Tuesday, reaching $125.23. The company’s stock had a trading volume of 206,970 shares, compared to its average volume of 5,246,290. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $125.47. The stock’s 50 day simple moving average is $116.63 and its 200-day simple moving average is $112.69. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $141.24 billion, a P/E ratio of 29.37, a PEG ratio of 2.99 and a beta of 0.89.

TJX Companies (NYSE:TJX) last issued its quarterly 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. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. As a group, equities analysts predict 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. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 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.