Intech Investment Management LLC Purchases 6,477 Shares of The TJX Companies, Inc. (NYSE:TJX)

Intech Investment Management LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 16.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,386 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,477 shares during the period. Intech Investment Management LLC’s holdings in TJX Companies were worth $5,335,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies during the 2nd quarter worth about $25,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the third quarter valued at about $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the 3rd quarter worth approximately $30,000. New Millennium Group LLC bought a new stake in shares of TJX Companies during the second quarter worth $34,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of TJX Companies during the third quarter worth $37,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research reports. Evercore ISI boosted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company upped their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Morgan Stanley lifted their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. StockNews.com cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

TJX Companies Stock Performance

Shares of TJX opened at $121.47 on Friday. The stock has a 50 day moving average of $116.52 and a 200 day moving average of $112.31. The company has a market capitalization of $137.00 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.01 and a beta of 0.89. The TJX Companies, Inc. has a 12 month low of $87.44 and a 12 month high of $122.10. The company has a current ratio of 1.19, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last released its earnings results 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. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 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 of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.23%. TJX Companies’s payout ratio is currently 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.