QRG Capital Management Inc. Acquires 16,909 Shares of The TJX Companies, Inc. (NYSE:TJX)

QRG Capital Management Inc. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,492 shares of the apparel and home fashions retailer’s stock after purchasing an additional 16,909 shares during the period. QRG Capital Management Inc.’s holdings in TJX Companies were worth $33,909,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TJX. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies in the 2nd quarter worth approximately $25,000. Copeland Capital Management LLC bought a new position in TJX Companies during the 3rd quarter valued at approximately $30,000. New Millennium Group LLC bought a new position in TJX Companies during the 2nd quarter valued at approximately $34,000. Anfield Capital Management LLC purchased a new stake in TJX Companies during the 2nd quarter valued at $37,000. Finally, Northwest Investment Counselors LLC purchased a new stake in TJX Companies during the 3rd quarter valued at $37,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

NYSE:TJX traded up $0.60 during mid-day trading on Monday, hitting $112.99. The company’s stock had a trading volume of 144,243 shares, compared to its average volume of 5,196,413. The TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $121.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a market cap of $127.44 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.86 and a beta of 0.89. The business’s fifty day moving average is $116.42 and its two-hundred day moving average is $110.07.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts anticipate that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a $0.375 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.50 annualized dividend and a yield of 1.33%. TJX Companies’s dividend payout ratio is presently 36.23%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TJX. BMO Capital Markets raised their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Evercore ISI raised their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and raised their price target for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Finally, Barclays raised their price target on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

Insider Buying and Selling at TJX Companies

In related 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 transaction of $1,763,100.00. Following 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

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.