West Family Investments Inc. Purchases 334 Shares of The TJX Companies, Inc. (NYSE:TJX)

West Family Investments Inc. increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,641 shares of the apparel and home fashions retailer’s stock after buying an additional 334 shares during the period. West Family Investments Inc.’s holdings in TJX Companies were worth $546,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Second Half Financial Partners LLC purchased a new stake in TJX Companies during the 3rd quarter valued at $269,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in TJX Companies in the 3rd quarter worth about $14,336,000. SouthState Corp raised its position in TJX Companies by 1.6% in the 3rd quarter. SouthState Corp now owns 194,491 shares of the apparel and home fashions retailer’s stock worth $22,860,000 after buying an additional 3,095 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in TJX Companies by 2.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 22,358 shares of the apparel and home fashions retailer’s stock valued at $2,628,000 after acquiring an additional 494 shares during the period. Finally, BIP Wealth LLC bought a new stake in TJX Companies in the 3rd quarter worth approximately $215,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.3 %

Shares of NYSE:TJX opened at $119.67 on Tuesday. The firm has a market capitalization of $134.97 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 3.04 and a beta of 0.89. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $122.10. 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 firm has a fifty day moving average of $116.38 and a two-hundred day moving average of $111.86.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. On average, equities analysts expect that The TJX Companies, Inc. will post 4.14 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 1.25%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio is 36.23%.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TJX has been the subject of a number of recent research reports. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a research note on Wednesday, November 13th. Barclays raised their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. UBS Group upped their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Wells Fargo & Company increased their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Finally, Evercore ISI lifted their price objective on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. Three 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, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

TJX Companies Company 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.