Hartford Funds Management Co LLC Has $2.11 Million Stake in The TJX Companies, Inc. (NYSE:TJX)

Hartford Funds Management Co LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,926 shares of the apparel and home fashions retailer’s stock after purchasing an additional 86 shares during the quarter. TJX Companies accounts for 0.2% of Hartford Funds Management Co LLC’s investment portfolio, making the stock its 13th biggest holding. Hartford Funds Management Co LLC’s holdings in TJX Companies were worth $2,107,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TJX. Stablepoint Partners LLC lifted its stake in TJX Companies by 0.3% in the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock worth $3,164,000 after acquiring an additional 89 shares in the last quarter. Dearborn Partners LLC lifted 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 in the last quarter. Concorde Asset Management LLC lifted 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 in the last quarter. Signature Estate & Investment Advisors LLC boosted its holdings in shares of TJX Companies by 3.4% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after purchasing an additional 90 shares during the period. Finally, Sound Income Strategies LLC grew its position in TJX Companies by 3.8% during the third 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 in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the 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 owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TJX. Jefferies Financial Group increased 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. Morgan Stanley lifted their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. UBS Group upped their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Barclays raised their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Finally, TD Cowen increased their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.47.

TJX Companies Stock Up 1.4 %

TJX Companies stock opened at $121.47 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.60. The TJX Companies, Inc. has a fifty-two week low of $87.44 and a fifty-two week high of $122.10. The firm has a fifty day moving average price of $116.52 and a two-hundred day moving average price of $112.41. The firm has a market cap of $137.00 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 3.05 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted 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 business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. As a group, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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 paid a $0.375 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. TJX Companies’s payout ratio is 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.