The TJX Companies, Inc. (NYSE:TJX) Shares Purchased by Highview Capital Management LLC DE

Highview Capital Management LLC DE lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,487 shares of the apparel and home fashions retailer’s stock after buying an additional 1,496 shares during the period. TJX Companies accounts for approximately 1.2% of Highview Capital Management LLC DE’s holdings, making the stock its 22nd biggest position. Highview Capital Management LLC DE’s holdings in TJX Companies were worth $2,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of TJX Companies by 17.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 424,656 shares of the apparel and home fashions retailer’s stock valued at $43,069,000 after purchasing an additional 61,677 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in TJX Companies by 3.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 25,264 shares of the apparel and home fashions retailer’s stock valued at $2,562,000 after purchasing an additional 743 shares during the last quarter. Norden Group LLC bought a new position in TJX Companies during the first quarter valued at about $3,760,000. First Trust Direct Indexing L.P. raised its stake in shares of TJX Companies by 10.3% in the first quarter. First Trust Direct Indexing L.P. now owns 35,455 shares of the apparel and home fashions retailer’s stock valued at $3,596,000 after purchasing an additional 3,312 shares in the last quarter. Finally, Tempus Wealth Planning LLC boosted its position in shares of TJX Companies by 4.1% during the 1st quarter. Tempus Wealth Planning LLC now owns 10,940 shares of the apparel and home fashions retailer’s stock valued at $1,110,000 after acquiring an additional 430 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction 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 transaction, 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TJX shares. UBS Group upped their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their price objective on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Loop Capital boosted their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets upped their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Trading Down 0.1 %

TJX Companies stock opened at $114.11 on Wednesday. The firm has a market capitalization of $128.70 billion, a price-to-earnings ratio of 27.56, a P/E/G ratio of 2.88 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $116.82 and a 200 day moving average of $109.65. The TJX Companies, Inc. has a 12-month low of $87.05 and a 12-month high of $121.13.

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, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. As a group, research analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is presently 36.23%.

TJX Companies 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.