Groupama Asset Managment Has $35.98 Million Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Groupama Asset Managment lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 10.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 306,089 shares of the apparel and home fashions retailer’s stock after purchasing an additional 29,127 shares during the period. Groupama Asset Managment’s holdings in TJX Companies were worth $35,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Hartford Funds Management Co LLC raised its stake in TJX Companies by 0.5% during the 3rd quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after purchasing an additional 86 shares during the last quarter. Stablepoint Partners LLC raised its stake in TJX Companies by 0.3% during the 3rd quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock valued at $3,164,000 after purchasing an additional 89 shares during the last quarter. Dearborn Partners LLC raised its stake in TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after purchasing an additional 90 shares during the last quarter. Concorde Asset Management LLC raised its stake in TJX Companies by 2.8% during the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after purchasing an additional 90 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its stake in TJX Companies by 3.4% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after purchasing an additional 90 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.1 %

Shares of NYSE:TJX opened at $126.09 on Monday. The TJX Companies, Inc. has a 12 month low of $88.43 and a 12 month high of $128.00. The company’s 50-day moving average price is $118.09 and its two-hundred day moving average price is $114.40. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a market cap of $141.75 billion, a P/E ratio of 29.67, a P/E/G ratio of 3.10 and a beta of 0.90.

TJX Companies (NYSE:TJX) last issued 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 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s revenue was up 6.0% on a year-over-year basis. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th were given a dividend of $0.375 per share. The ex-dividend date was Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s payout ratio is presently 35.29%.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $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 accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. BMO Capital Markets upped their target price 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. Robert W. Baird upped their target price on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday. Jefferies Financial Group boosted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $134.00 price target on shares of TJX Companies in a report on Friday. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $130.89.

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.