Weiss Asset Management LP Invests $14.03 Million in The TJX Companies, Inc. (NYSE:TJX)

Weiss Asset Management LP bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 119,400 shares of the apparel and home fashions retailer’s stock, valued at approximately $14,034,000.

Several other large investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its holdings in shares of TJX Companies by 1.0% during the 3rd quarter. State Street Corp now owns 47,556,435 shares of the apparel and home fashions retailer’s stock valued at $5,589,783,000 after buying an additional 469,287 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of TJX Companies by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock worth $1,079,319,000 after purchasing an additional 643,833 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of TJX Companies by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock valued at $689,812,000 after purchasing an additional 662,681 shares during the period. Finally, 1832 Asset Management L.P. grew its holdings in TJX Companies by 14.2% during the 2nd 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 in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.3 %

NYSE:TJX opened at $125.90 on Friday. The business’s fifty day moving average price is $117.92 and its 200 day moving average price is $113.99. The firm has a market capitalization of $142.00 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 3.09 and a beta of 0.90. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 1-year low of $87.97 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group upped their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Loop Capital increased their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research report on Wednesday, November 20th. Finally, Evercore ISI raised their price target on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.89.

Insider Activity

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

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.