Klingman & Associates LLC Purchases 5,087 Shares of The TJX Companies, Inc. (NYSE:TJX)

Klingman & Associates LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 45.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,331 shares of the apparel and home fashions retailer’s stock after buying an additional 5,087 shares during the period. Klingman & Associates LLC’s holdings in TJX Companies were worth $1,920,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC purchased a new stake in shares of TJX Companies in the first quarter worth $289,000. Empowered Funds LLC lifted its stake in TJX Companies by 57.0% in the first quarter. Empowered Funds LLC now owns 31,001 shares of the apparel and home fashions retailer’s stock worth $3,144,000 after acquiring an additional 11,260 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of TJX Companies by 8.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,099 shares of the apparel and home fashions retailer’s stock valued at $416,000 after buying an additional 317 shares during the period. Primoris Wealth Advisors LLC grew its holdings in shares of TJX Companies by 13.6% during the 1st quarter. Primoris Wealth Advisors LLC now owns 12,500 shares of the apparel and home fashions retailer’s stock worth $1,268,000 after acquiring an additional 1,500 shares during the period. Finally, BCGM Wealth Management LLC raised its holdings in TJX Companies by 2.8% in the first quarter. BCGM Wealth Management LLC now owns 16,383 shares of the apparel and home fashions retailer’s stock worth $1,662,000 after purchasing an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX opened at $117.88 on Friday. The stock has a 50-day simple moving average of $116.07 and a 200-day simple moving average of $110.60. 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 TJX Companies, Inc. has a 1 year low of $87.26 and a 1 year high of $121.13. The stock has a market capitalization of $132.95 billion, a PE ratio of 28.47, a PEG ratio of 2.92 and a beta of 0.89.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.15 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 36.23%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TJX. Morgan Stanley lifted their target price 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. Barclays upped 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. TD Cowen lifted their price objective on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Jefferies Financial Group raised their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $128.00 target price on shares of TJX Companies in a research report on Wednesday, August 21st. Three 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.76.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.13% of the stock is owned by 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.