Lombard Odier Asset Management Europe Ltd Makes New Investment in The TJX Companies, Inc. (NYSE:TJX)

Lombard Odier Asset Management Europe Ltd acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,985 shares of the apparel and home fashions retailer’s stock, valued at approximately $2,310,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC boosted its holdings in shares of TJX Companies by 6.0% in the 4th quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock valued at $335,000 after buying an additional 203 shares in the last quarter. 9258 Wealth Management LLC lifted its position in TJX Companies by 36.6% in the fourth quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock valued at $1,268,000 after acquiring an additional 3,624 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in TJX Companies by 35.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock valued at $249,000 after acquiring an additional 768 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. purchased a new position in shares of TJX Companies during the fourth quarter worth about $1,362,000. Finally, Eaton Financial Holdings Company LLC increased its position in shares of TJX Companies by 2.9% during the fourth quarter. Eaton Financial Holdings Company LLC now owns 16,461 shares of the apparel and home fashions retailer’s stock worth $1,544,000 after purchasing an additional 460 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX opened at $117.12 on Tuesday. The firm’s fifty day simple moving average is $114.90 and its 200-day simple moving average is $106.43. 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 stock has a market cap of $132.36 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 3.02 and a beta of 0.89. The TJX Companies, Inc. has a fifty-two week low of $86.71 and a fifty-two week high of $121.13.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts expect that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.28%. TJX Companies’s payout ratio is 37.22%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI upped their target price on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Morgan Stanley raised their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Jefferies Financial Group upped their price target on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. UBS Group raised their price objective 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, StockNews.com raised shares of 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is 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.