Quest Partners LLC Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Quest Partners LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 622.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,202 shares of the apparel and home fashions retailer’s stock after purchasing an additional 23,436 shares during the quarter. Quest Partners LLC’s holdings in TJX Companies were worth $3,197,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies during the second quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies in the 3rd quarter worth approximately $30,000. New Millennium Group LLC purchased a new position in TJX Companies in the second quarter valued at approximately $34,000. Finally, Anfield Capital Management LLC bought a new position in TJX Companies during the second quarter valued at $37,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TJX. Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Wednesday, November 13th. Jefferies Financial Group boosted their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird upped their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. TD Cowen lifted their target price on shares of TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Finally, 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 research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $127.41.

TJX Companies Trading Up 0.1 %

Shares of TJX opened at $119.97 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $122.10. The company has a market capitalization of $135.31 billion, a P/E ratio of 28.98, a P/E/G ratio of 3.04 and a beta of 0.89. The firm’s 50 day simple moving average is $116.33 and its 200 day simple moving average is $111.69.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter last year, the company posted $0.85 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is currently 36.23%.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was 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 of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

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.