Teachers Insurance & Annuity Association of America Purchases New Position in The TJX Companies, Inc. (NYSE:TJX)

Teachers Insurance & Annuity Association of America acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the third quarter, Holdings Channel.com reports. The firm acquired 520 shares of the apparel and home fashions retailer’s stock, valued at approximately $61,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the 2nd quarter valued at $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the 3rd quarter valued at about $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the third quarter valued at about $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the 3rd quarter worth approximately $30,000. Finally, New Millennium Group LLC bought a new position in shares of TJX Companies in the 2nd quarter worth $34,000. Institutional investors own 91.09% of the company’s stock.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. UBS Group upped their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Barclays increased their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company upped their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. Finally, TD Cowen lifted their price objective on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

TJX Companies Trading Up 0.1 %

NYSE TJX traded up $0.16 on Thursday, hitting $126.36. The company’s stock had a trading volume of 4,491,371 shares, compared to its average volume of 5,605,141. The firm has a market cap of $142.52 billion, a P/E ratio of 29.73, a PEG ratio of 3.10 and a beta of 0.89. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $128.00. The company’s 50-day simple moving average is $116.97 and its 200 day simple moving average is $112.98. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. Research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Thursday, November 14th. TJX Companies’s payout ratio is 35.29%.

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.