MQS Management LLC Makes New $510,000 Investment in The TJX Companies, Inc. (NYSE:TJX)

MQS Management LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,335 shares of the apparel and home fashions retailer’s stock, valued at approximately $510,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. Stablepoint Partners LLC increased its position in TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after buying an additional 89 shares in the last quarter. Dearborn Partners LLC boosted its position in shares of TJX Companies by 4.0% in the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after purchasing an additional 90 shares during the period. Concorde Asset Management LLC boosted its position in shares of TJX Companies by 2.8% in the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock worth $367,000 after purchasing an additional 90 shares during the period. Sound Income Strategies LLC raised its position in shares of TJX Companies by 3.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,507 shares of the apparel and home fashions retailer’s stock valued at $295,000 after purchasing an additional 91 shares during the period. Finally, Wambolt & Associates LLC boosted its holdings in TJX Companies by 1.4% in the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock worth $751,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insiders Place Their Bets

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 completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TJX. BMO Capital Markets raised their price target on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Wednesday. Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird raised their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $127.12.

TJX Companies Stock Up 1.1 %

Shares of NYSE TJX opened at $121.19 on Thursday. The company has a market cap of $136.69 billion, a P/E ratio of 29.27, a PEG ratio of 3.03 and a beta of 0.89. The firm has a 50-day simple moving average of $116.13 and a two-hundred day simple moving average of $111.14. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $121.92. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. Research analysts anticipate that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued 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 yield of 1.24%. TJX Companies’s payout ratio is currently 36.23%.

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.