Segall Bryant & Hamill LLC Raises Stock Holdings in The TJX Companies, Inc. (NYSE:TJX)

Segall Bryant & Hamill LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 11.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 288,132 shares of the apparel and home fashions retailer’s stock after buying an additional 28,499 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in TJX Companies were worth $33,867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. increased its position in TJX Companies by 61.5% during the 1st quarter. Bessemer Group Inc. now owns 90,369 shares of the apparel and home fashions retailer’s stock valued at $9,167,000 after purchasing an additional 34,426 shares during the period. Shell Asset Management Co. increased its position in TJX Companies by 11.6% during the 1st quarter. Shell Asset Management Co. now owns 28,206 shares of the apparel and home fashions retailer’s stock valued at $2,861,000 after purchasing an additional 2,940 shares during the period. Vident Advisory LLC increased its position in TJX Companies by 14.1% during the 1st quarter. Vident Advisory LLC now owns 123,879 shares of the apparel and home fashions retailer’s stock valued at $12,564,000 after purchasing an additional 15,277 shares during the period. Delap Wealth Advisory LLC purchased a new position in TJX Companies during the 1st quarter valued at $257,000. Finally, CreativeOne Wealth LLC increased its position in TJX Companies by 139.2% during the 1st quarter. CreativeOne Wealth LLC now owns 16,538 shares of the apparel and home fashions retailer’s stock valued at $1,678,000 after purchasing an additional 9,624 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on TJX shares. Bank of America boosted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. UBS Group boosted their price objective 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. Loop Capital boosted their target price on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Finally, Jefferies Financial Group boosted their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a 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 company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

TJX opened at $119.57 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The stock has a market capitalization of $134.86 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.03 and a beta of 0.89. The company’s 50-day simple moving average is $116.42 and its two-hundred day simple moving average is $112.04. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $122.10.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating 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 firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts predict that The TJX Companies, Inc. will post 4.14 EPS for the current 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 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.