3Chopt Investment Partners LLC Acquires Shares of 5,064 The TJX Companies, Inc. (NYSE:TJX)

3Chopt Investment Partners LLC acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,064 shares of the apparel and home fashions retailer’s stock, valued at approximately $558,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in TJX Companies by 35.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. PineStone Asset Management Inc. grew its holdings in TJX Companies by 134.2% during the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after acquiring an additional 3,132,960 shares during the period. Ameriprise Financial Inc. grew its holdings in 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 worth $1,347,934,000 after acquiring an additional 3,063,318 shares during the period. Capital Wealth Planning LLC purchased a new position in TJX Companies during the second quarter valued at approximately $315,698,000. Finally, Los Angeles Capital Management LLC lifted its holdings in TJX Companies by 80.6% in the second quarter. Los Angeles Capital Management LLC now owns 2,943,176 shares of the apparel and home fashions retailer’s stock valued at $324,044,000 after acquiring an additional 1,313,517 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX Companies stock opened at $117.54 on Tuesday. The company has a fifty day simple moving average of $115.34 and a 200-day simple moving average of $107.16. The firm has a market capitalization of $132.57 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 2.97 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a 52-week low of $86.71 and a 52-week high of $121.13.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal 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 issued 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 1.28%. TJX Companies’s dividend payout ratio is presently 37.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TJX shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $128.00 price objective on shares of TJX Companies in a research note on Wednesday, August 21st. Bank of America raised their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Barclays upped their price objective on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. UBS Group raised their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Robert W. Baird upped their price target on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’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 completion of the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company 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.