Erste Asset Management GmbH Makes New $9.74 Million Investment in The TJX Companies, Inc. (NYSE:TJX)

Erste Asset Management GmbH acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 82,729 shares of the apparel and home fashions retailer’s stock, valued at approximately $9,742,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Massmutual Trust Co. FSB ADV lifted its holdings in TJX Companies by 12.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 6,380 shares of the apparel and home fashions retailer’s stock valued at $702,000 after purchasing an additional 699 shares in the last quarter. Quent Capital LLC lifted its stake in TJX Companies by 7.5% in the 2nd quarter. Quent Capital LLC now owns 3,788 shares of the apparel and home fashions retailer’s stock valued at $417,000 after buying an additional 264 shares in the last quarter. Mather Group LLC. lifted its stake in TJX Companies by 8.4% in the 2nd quarter. Mather Group LLC. now owns 9,056 shares of the apparel and home fashions retailer’s stock valued at $918,000 after buying an additional 703 shares in the last quarter. Baker Ellis Asset Management LLC acquired a new stake in TJX Companies in the 2nd quarter worth about $266,000. Finally, Olistico Wealth LLC increased its stake in TJX Companies by 48.6% during the 2nd quarter. Olistico Wealth LLC now owns 3,670 shares of the apparel and home fashions retailer’s stock worth $404,000 after buying an additional 1,200 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $125.69 on Monday. The firm has a market capitalization of $141.76 billion, a P/E ratio of 29.57, a P/E/G ratio of 3.09 and a beta of 0.90. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $128.00. The firm’s 50 day moving average is $117.29 and its two-hundred day moving average is $113.46.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS 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. Stockholders of record on Thursday, November 14th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s payout ratio is currently 35.29%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the 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 completion of the sale, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research reports. Bank of America raised their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. UBS Group lifted their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a report on Wednesday, November 20th. TD Cowen raised their price target on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Finally, Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and upped their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $129.47.

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.