The TJX Companies, Inc. (NYSE:TJX) is Aigen Investment Management LP’s 9th Largest Position

Aigen Investment Management LP lifted its stake in The TJX Companies, Inc. (NYSE:TJX) by 237.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 37,716 shares of the apparel and home fashions retailer’s stock after acquiring an additional 26,555 shares during the period. TJX Companies makes up 0.9% of Aigen Investment Management LP’s portfolio, making the stock its 9th largest holding. Aigen Investment Management LP’s holdings in TJX Companies were worth $4,433,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies in the second quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC bought a new stake in TJX Companies during the 3rd quarter worth approximately $30,000. New Millennium Group LLC purchased a new position in TJX Companies during the second quarter valued at approximately $34,000. Finally, Northwest Investment Counselors LLC purchased a new stake in shares of TJX Companies in the third quarter worth $37,000. 91.09% of the stock is owned by institutional investors.

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 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 completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TJX. Robert W. Baird lifted their target price on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Evercore ISI increased their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. TD Cowen lifted their target price on TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

TJX Companies Trading Up 0.9 %

Shares of TJX stock traded up $1.02 during trading hours on Tuesday, reaching $119.08. 216,314 shares of the stock were exchanged, compared to its average volume of 5,214,565. 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 12-month low of $87.26 and a 12-month high of $121.13. The firm has a market capitalization of $134.31 billion, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 2.98 and a beta of 0.89. The company’s 50-day moving average price is $116.09 and its 200-day moving average price is $110.97.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

TJX Companies 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.