Alkeon Capital Management LLC Has $515.05 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Alkeon Capital Management LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,381,901 shares of the apparel and home fashions retailer’s stock after selling 482,971 shares during the quarter. TJX Companies makes up 0.9% of Alkeon Capital Management LLC’s holdings, making the stock its 12th largest holding. Alkeon Capital Management LLC’s holdings in TJX Companies were worth $515,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America acquired a new position in shares of TJX Companies during the third quarter valued at about $61,000. Vinva Investment Management Ltd increased its stake in TJX Companies by 13.1% during the third quarter. Vinva Investment Management Ltd now owns 52,273 shares of the apparel and home fashions retailer’s stock valued at $6,142,000 after acquiring an additional 6,039 shares during the period. Financial Counselors Inc. raised its holdings in TJX Companies by 4.1% in the 3rd quarter. Financial Counselors Inc. now owns 26,900 shares of the apparel and home fashions retailer’s stock valued at $3,162,000 after acquiring an additional 1,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of TJX Companies by 7.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after acquiring an additional 643,833 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TJX Companies by 8.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 229,833 shares of the apparel and home fashions retailer’s stock worth $27,015,000 after purchasing an additional 17,184 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TJX shares. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Evercore ISI raised their price objective on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Loop Capital upped their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Jefferies Financial Group raised their price target on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Robert W. Baird upped their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note 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 stock. 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 Trading Up 0.1 %

TJX opened at $126.36 on Friday. The TJX Companies, Inc. has a 1-year low of $87.44 and a 1-year high of $128.00. The stock has a market capitalization of $142.52 billion, a PE ratio of 29.73, a PEG ratio of 3.11 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $117.14 and a two-hundred day moving average price of $113.07.

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 for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter last year, the business posted $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.