Epoch Investment Partners Inc. Acquires 104,956 Shares of The TJX Companies, Inc. (NYSE:TJX)

Epoch Investment Partners Inc. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,172,158 shares of the apparel and home fashions retailer’s stock after acquiring an additional 104,956 shares during the quarter. Epoch Investment Partners Inc. owned about 0.10% of TJX Companies worth $129,055,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Dearborn Partners LLC raised its position in shares of TJX Companies by 4.0% in the second quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock valued at $260,000 after purchasing an additional 90 shares during the period. Concorde Asset Management LLC raised its holdings in TJX Companies by 2.8% in the 2nd quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after acquiring an additional 90 shares during the period. Wambolt & Associates LLC raised its holdings in TJX Companies by 1.4% in the 2nd quarter. Wambolt & Associates LLC now owns 6,791 shares of the apparel and home fashions retailer’s stock valued at $751,000 after acquiring an additional 94 shares during the period. Armbruster Capital Management Inc. lifted its position in TJX Companies by 4.9% during the second quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock worth $231,000 after acquiring an additional 97 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its holdings in shares of TJX Companies by 4.8% during the second quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock worth $240,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 0.3 %

Shares of TJX opened at $117.93 on Friday. The firm has a 50 day simple moving average of $114.83 and a two-hundred day simple moving average of $106.21. The company has a market cap of $133.28 billion, a P/E ratio of 29.26, a P/E/G ratio of 3.02 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. Research analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal 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 $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.27%. TJX Companies’s payout ratio is currently 37.22%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TJX shares. Wells Fargo & Company increased their target price on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Evercore ISI lifted their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. TD Cowen boosted their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Robert W. Baird raised their price target on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley boosted their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $126.76.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by insiders.

About TJX Companies

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.