Assetmark Inc. Purchases 10,190 Shares of The TJX Companies, Inc. (NYSE:TJX)

Assetmark Inc. lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 172,695 shares of the apparel and home fashions retailer’s stock after buying an additional 10,190 shares during the period. Assetmark Inc.’s holdings in TJX Companies were worth $20,299,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TJX. Norden Group LLC purchased a new position in shares of TJX Companies in the first quarter worth $289,000. Empowered Funds LLC raised its position in TJX Companies by 57.0% in the 1st quarter. Empowered Funds LLC now owns 31,001 shares of the apparel and home fashions retailer’s stock worth $3,144,000 after buying an additional 11,260 shares during the last quarter. Sei Investments Co. raised its position in TJX Companies by 2.3% in the 1st quarter. Sei Investments Co. now owns 641,476 shares of the apparel and home fashions retailer’s stock worth $65,060,000 after buying an additional 14,628 shares during the last quarter. Choate Investment Advisors lifted its stake in TJX Companies by 21.9% during the 1st quarter. Choate Investment Advisors now owns 150,405 shares of the apparel and home fashions retailer’s stock valued at $15,254,000 after acquiring an additional 26,991 shares during the period. Finally, NorthRock Partners LLC boosted its holdings in shares of TJX Companies by 19.4% during the 1st quarter. NorthRock Partners LLC now owns 7,468 shares of the apparel and home fashions retailer’s stock valued at $757,000 after acquiring an additional 1,214 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on TJX shares. TD Cowen boosted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Evercore ISI increased their price target on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Wells Fargo & Company raised their price target 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. BMO Capital Markets upped their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley raised their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $126.76.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’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 value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $117.83 on Friday. The company has a market capitalization of $132.90 billion, a P/E ratio of 28.46, a P/E/G ratio of 2.98 and a beta of 0.89. The TJX Companies, Inc. has a 1-year low of $87.26 and a 1-year high of $121.13. The firm’s 50 day simple moving average is $116.07 and its two-hundred day simple moving average is $110.60. 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 released its 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 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 analysts’ expectations of $13.31 billion. During the same quarter in the previous year, the company earned $0.85 EPS. TJX Companies’s revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts expect that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 14th will be given 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 dividend payout ratio is currently 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.