The TJX Companies, Inc. (NYSE:TJX) Stock Position Raised by Pacer Advisors Inc.

Pacer Advisors Inc. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,124 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,209 shares during the period. Pacer Advisors Inc.’s holdings in TJX Companies were worth $14,657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Dearborn Partners LLC raised its stake in shares of TJX Companies by 4.0% during the 2nd quarter. Dearborn Partners LLC now owns 2,359 shares of the apparel and home fashions retailer’s stock worth $260,000 after purchasing an additional 90 shares in the last quarter. Concorde Asset Management LLC lifted 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 worth $367,000 after purchasing an additional 90 shares during the last quarter. Wambolt & Associates LLC lifted 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 worth $751,000 after purchasing an additional 94 shares during the last quarter. Armbruster Capital Management Inc. lifted its holdings in TJX Companies by 4.9% in the 2nd quarter. Armbruster Capital Management Inc. now owns 2,097 shares of the apparel and home fashions retailer’s stock worth $231,000 after purchasing an additional 97 shares during the last quarter. Finally, Aprio Wealth Management LLC lifted its holdings in TJX Companies by 4.8% in the 2nd quarter. Aprio Wealth Management LLC now owns 2,176 shares of the apparel and home fashions retailer’s stock worth $240,000 after purchasing an additional 99 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $117.93 on Monday. The business’s fifty day moving average price is $114.83 and its two-hundred day moving average price is $106.28. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The stock has a market capitalization of $133.28 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. 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 announced its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. As a group, analysts predict that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is presently 37.22%.

Analyst Ratings Changes

TJX has been the subject of several analyst reports. Robert W. Baird boosted their target price on TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. BMO Capital Markets boosted their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. UBS Group boosted their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Jefferies Financial Group boosted their target price on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

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.