NEOS Investment Management LLC Boosts Stake in The TJX Companies, Inc. $TJX

NEOS Investment Management LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 48.3% in the third quarter, Holdings Channel reports. The institutional investor owned 131,542 shares of the apparel and home fashions retailer’s stock after acquiring an additional 42,828 shares during the period. NEOS Investment Management LLC’s holdings in TJX Companies were worth $19,013,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TJX. Bank of Nova Scotia grew its stake in shares of TJX Companies by 129.9% in the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after acquiring an additional 152,453 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of TJX Companies by 66.6% in the second quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after buying an additional 30,779 shares in the last quarter. Rheos Capital Works Inc. lifted its position in shares of TJX Companies by 26.0% during the 3rd quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after acquiring an additional 76,400 shares during the last quarter. Wealthfront Advisers LLC raised its position in shares of TJX Companies by 4.9% during the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock worth $24,835,000 after purchasing an additional 8,006 shares during the period. Finally, Savoir Faire Capital Management L.P. boosted its position in shares of TJX Companies by 45.7% in the 3rd quarter. Savoir Faire Capital Management L.P. now owns 81,361 shares of the apparel and home fashions retailer’s stock valued at $11,760,000 after purchasing an additional 25,534 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on TJX shares. BTIG Research reissued a “buy” rating and set a $165.00 target price on shares of TJX Companies in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $184.00 price objective on TJX Companies in a research note on Thursday, January 8th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Wells Fargo & Company reissued a “positive” rating and issued a $150.00 price target (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. Finally, Citigroup reaffirmed a “buy” rating and set a $168.00 price objective (up from $160.00) on shares of TJX Companies in a research report on Thursday, November 20th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus price target of $163.86.

TJX Companies Stock Up 1.5%

NYSE:TJX opened at $156.76 on Wednesday. The stock’s fifty day moving average price is $154.53 and its two-hundred day moving average price is $146.32. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $159.48. The company has a market cap of $174.08 billion, a price-to-earnings ratio of 34.60, a P/E/G ratio of 2.95 and a beta of 0.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.06. The firm had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio is presently 37.53%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the sale, the director owned 22,212 shares in the company, valued at approximately $3,362,896.80. The trade was a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ernie Herrman sold 24,363 shares of the company’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the sale, the chief executive officer directly owned 510,780 shares in the company, valued at $77,286,121.80. This trade represents a 4.55% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 54,863 shares of company stock valued at $8,226,366. 0.13% of the stock is owned by corporate insiders.

TJX Companies Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.