Townsquare Capital LLC Boosts Stock Position in The TJX Companies, Inc. (NYSE:TJX)

Townsquare Capital LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX) by 8.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,964 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,413 shares during the period. Townsquare Capital LLC’s holdings in TJX Companies were worth $7,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the second quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in TJX Companies during the third quarter worth $29,000. Truvestments Capital LLC acquired a new position in TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC acquired a new position in TJX Companies during the third quarter worth $30,000. Finally, New Millennium Group LLC acquired a new position in TJX Companies during the second quarter worth $34,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.

TJX Companies Price Performance

Shares of TJX opened at $126.36 on Thursday. The TJX Companies, Inc. has a twelve month low of $87.44 and a twelve month high of $128.00. The stock’s 50 day moving average is $116.97 and its two-hundred day moving average is $112.98. The firm has a market capitalization of $142.52 billion, a PE ratio of 29.73, a P/E/G ratio of 3.10 and a beta of 0.89. 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 data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Barclays upped their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Jefferies Financial Group increased their price objective on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Loop Capital increased their price objective on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Wednesday, November 20th. Finally, Morgan Stanley increased their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Four 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 currently has an average rating of “Moderate Buy” and a consensus price target of $129.47.

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.