Edgestream Partners L.P. Takes Position in The TJX Companies, Inc. (NYSE:TJX)

Edgestream Partners L.P. purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,413 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,047,000.

Several other hedge funds have also added to or reduced their stakes in TJX. Mather Group LLC. lifted its holdings in TJX Companies by 8.4% in the second quarter. Mather Group LLC. now owns 9,056 shares of the apparel and home fashions retailer’s stock valued at $918,000 after buying an additional 703 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of TJX Companies by 9.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 8,756 shares of the apparel and home fashions retailer’s stock worth $964,000 after purchasing an additional 772 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of TJX Companies by 6.1% during the second quarter. Park Avenue Securities LLC now owns 67,753 shares of the apparel and home fashions retailer’s stock worth $7,460,000 after purchasing an additional 3,915 shares during the period. CWM LLC increased its holdings in TJX Companies by 6.3% in the second quarter. CWM LLC now owns 97,057 shares of the apparel and home fashions retailer’s stock valued at $10,686,000 after purchasing an additional 5,753 shares during the last quarter. Finally, Cullinan Associates Inc. increased its holdings in TJX Companies by 74.5% in the second quarter. Cullinan Associates Inc. now owns 85,969 shares of the apparel and home fashions retailer’s stock valued at $9,465,000 after purchasing an additional 36,694 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s 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 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. This trade represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Robert W. Baird increased their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Loop Capital upped their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.47.

TJX Companies Trading Up 0.4 %

NYSE TJX opened at $126.18 on Tuesday. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock’s 50 day moving average price is $117.29 and its two-hundred day moving average price is $113.46. The stock has a market capitalization of $142.31 billion, a price-to-earnings ratio of 29.69, a PEG ratio of 3.09 and a beta of 0.90.

TJX Companies (NYSE:TJX) last released 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. 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 during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. TJX Companies’s dividend payout ratio is presently 35.29%.

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.