Caprock Group LLC Grows Position in The TJX Companies, Inc. (NYSE:TJX)

Caprock Group LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,510 shares of the apparel and home fashions retailer’s stock after acquiring an additional 2,521 shares during the quarter. Caprock Group LLC’s holdings in TJX Companies were worth $4,174,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TJX. Janus Henderson Group PLC boosted its holdings in shares of TJX Companies by 2.7% during the first quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after purchasing an additional 346,938 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the period. Ameriprise Financial Inc. raised its stake in shares of TJX Companies by 33.4% during the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after purchasing an additional 3,063,318 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of TJX Companies by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock worth $689,812,000 after purchasing an additional 662,681 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its stake in shares of TJX Companies by 14.2% in the second quarter. 1832 Asset Management L.P. now owns 6,116,142 shares of the apparel and home fashions retailer’s stock valued at $673,387,000 after purchasing an additional 759,427 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent analyst reports. Barclays boosted their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. UBS Group lifted their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report 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 report on Thursday, August 22nd. Bank of America increased their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the company from $110.00 to $128.00 in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.41.

TJX Companies Price Performance

NYSE TJX opened at $119.67 on Tuesday. The company has a 50-day moving average price of $116.38 and a two-hundred day moving average price of $111.86. The stock has a market cap of $134.97 billion, a price-to-earnings ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $122.10.

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

TJX Companies Dividend Announcement

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

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.