Canoe Financial LP Takes $18.83 Million Position in The TJX Companies, Inc. (NYSE:TJX)

Canoe Financial LP purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 160,278 shares of the apparel and home fashions retailer’s stock, valued at approximately $18,833,000.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after buying an additional 3,255,849 shares during the period. PineStone Asset Management Inc. lifted its stake in TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock valued at $602,004,000 after buying an additional 3,132,960 shares during the period. Ameriprise Financial Inc. lifted its stake in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock valued at $1,347,934,000 after buying an additional 3,063,318 shares during the period. Capital Wealth Planning LLC acquired a new position in TJX Companies in the second quarter valued at about $315,698,000. Finally, Los Angeles Capital Management LLC lifted its stake 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 buying an additional 1,313,517 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insiders Place Their Bets

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 value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

TJX Companies Stock Down 0.3 %

TJX stock opened at $113.82 on Monday. 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 business has a 50 day moving average price of $116.77 and a two-hundred day moving average price of $109.38. The company has a market cap of $128.37 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 2.88 and a beta of 0.89. 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, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.32%. TJX Companies’s dividend payout ratio (DPR) is presently 36.23%.

Analysts Set New Price Targets

Several equities analysts have weighed in on TJX shares. Wells Fargo & Company increased their target price on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Jefferies Financial Group increased their price target on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, UBS Group increased their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.76.

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.