BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,279,090 shares of the apparel and home fashions retailer’s stock after buying an additional 56,677 shares during the period. TJX Companies makes up 0.7% of BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings, making the stock its 24th biggest position. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in TJX Companies were worth $267,884,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Richard W. Paul & Associates LLC purchased a new position in TJX Companies during the second quarter worth about $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the third quarter worth about $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies during the third quarter worth about $30,000. New Millennium Group LLC purchased a new position in TJX Companies during the second quarter worth about $34,000. Finally, Anfield Capital Management LLC purchased a new position in TJX Companies during the second quarter worth about $37,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on TJX. Robert W. Baird lifted their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a research note on Wednesday. BMO Capital Markets boosted their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Barclays boosted their price target on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.41.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Up 0.2 %

Shares of TJX Companies stock opened at $119.74 on Thursday. The company has a market cap of $135.05 billion, a P/E ratio of 28.92, a PEG ratio of 3.03 and a beta of 0.89. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The TJX Companies, Inc. has a one year low of $87.44 and a one year high of $122.10. The firm has a fifty day moving average of $116.46 and a two-hundred day moving average of $112.09.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current year.

TJX Companies Dividend Announcement

The business 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. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

About TJX Companies

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.