Cynosure Group LLC Has $539,000 Holdings in The TJX Companies, Inc. (NYSE:TJX)

Cynosure Group LLC lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,589 shares of the apparel and home fashions retailer’s stock after buying an additional 237 shares during the period. Cynosure Group LLC’s holdings in TJX Companies were worth $539,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TJX. PineStone Asset Management Inc. increased its holdings in shares of TJX Companies by 134.2% during the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after buying an additional 3,132,960 shares in the last quarter. Ameriprise Financial Inc. increased its holdings 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 worth $1,347,934,000 after buying an additional 3,063,318 shares in the last quarter. Capital Wealth Planning LLC acquired a new stake in TJX Companies in the second quarter valued at $315,698,000. Los Angeles Capital Management LLC increased its holdings in TJX Companies by 80.6% in the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after purchasing an additional 1,313,517 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in TJX Companies by 13,309.4% in the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after purchasing an additional 1,182,272 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TJX Companies

In related 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TJX shares. TD Cowen increased their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Barclays increased their price objective on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Morgan Stanley increased their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.47.

TJX Companies Price Performance

TJX stock opened at $126.36 on Thursday. The stock has a market capitalization of $142.52 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.10 and a beta of 0.89. The company’s 50-day moving average is $116.97 and its 200-day moving average is $112.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The TJX Companies, Inc. has a 1 year low of $87.44 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.19%. TJX Companies’s payout ratio is 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.