The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by X Square Capital LLC

X Square Capital LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,044 shares of the apparel and home fashions retailer’s stock after buying an additional 995 shares during the quarter. TJX Companies comprises about 1.7% of X Square Capital LLC’s investment portfolio, making the stock its 15th biggest position. X Square Capital LLC’s holdings in TJX Companies were worth $3,766,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its position in shares of TJX Companies by 13,309.4% in the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock worth $140,008,000 after buying an additional 1,182,272 shares during the period. Axecap Investments LLC purchased a new position in TJX Companies in the third quarter valued at about $2,914,000. McAdam LLC raised its position in TJX Companies by 7.7% in the third quarter. McAdam LLC now owns 7,446 shares of the apparel and home fashions retailer’s stock valued at $875,000 after purchasing an additional 530 shares during the period. Wallington Asset Management LLC raised its position in TJX Companies by 2.7% in the third quarter. Wallington Asset Management LLC now owns 273,026 shares of the apparel and home fashions retailer’s stock valued at $32,091,000 after purchasing an additional 7,245 shares during the period. Finally, Courier Capital LLC purchased a new position in TJX Companies in the third quarter valued at about $2,614,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on TJX. Loop Capital raised their price objective on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Jefferies Financial Group raised their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Sunday, September 15th. Bank of America lifted their target price on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Barclays lifted their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $126.76.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the business’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 transaction of $1,763,100.00. Following the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Stock Performance

TJX opened at $114.24 on Thursday. The business’s 50 day moving average is $116.67 and its 200-day moving average is $109.05. The stock has a market cap of $128.85 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.91 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The TJX Companies, Inc. has a twelve month low of $86.92 and a twelve month high of $121.13.

TJX Companies (NYSE:TJX) last released 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 company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current 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 issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.31%. TJX Companies’s payout ratio is 36.23%.

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.