The TJX Companies, Inc. (NYSE:TJX) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 22.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,814 shares of the apparel and home fashions retailer’s stock after purchasing an additional 12,059 shares during the quarter. Eagle Asset Management Inc.’s holdings in TJX Companies were worth $7,637,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC acquired a new position in shares of TJX Companies in the second quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the third quarter worth $30,000. New Millennium Group LLC acquired a new position in TJX Companies during the second quarter worth $34,000. Finally, Anfield Capital Management LLC acquired a new position in TJX Companies during the second quarter worth $37,000. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. UBS Group upped 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. Wells Fargo & Company upped their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Stock Up 1.4 %

Shares of TJX opened at $121.47 on Monday. The stock 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. The company has a quick ratio of 0.60, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $122.10. The company has a 50-day moving average price of $116.52 and a two-hundred day moving average price of $112.51.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. Equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, 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 SEC, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Company 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.