The TJX Companies, Inc. (NYSE:TJX) Shares Acquired by Beck Capital Management LLC

Beck Capital Management LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX) by 38.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,184 shares of the apparel and home fashions retailer’s stock after purchasing an additional 6,763 shares during the period. Beck Capital Management LLC’s holdings in TJX Companies were worth $2,843,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV grew its position in shares of 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 worth $702,000 after acquiring an additional 699 shares during the last quarter. Quent Capital LLC grew its position 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 worth $417,000 after purchasing an additional 264 shares during the last quarter. Mather Group LLC. increased its stake in shares of TJX Companies by 8.4% in the second quarter. Mather Group LLC. now owns 9,056 shares of the apparel and home fashions retailer’s stock valued at $918,000 after purchasing an additional 703 shares during the period. Baker Ellis Asset Management LLC acquired a new position in shares of TJX Companies during the second quarter worth approximately $266,000. Finally, Olistico Wealth LLC boosted its position in shares of TJX Companies by 48.6% during the second 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 during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

TJX opened at $125.69 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The company has a market cap of $141.76 billion, a PE ratio of 29.57, a price-to-earnings-growth ratio of 3.09 and a beta of 0.90. The stock has a 50-day moving average of $117.29 and a 200-day moving average of $113.46. The TJX Companies, Inc. has a 52-week low of $87.44 and a 52-week high of $128.00.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the company earned $1.03 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TJX. UBS Group lifted their target price on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group increased their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $110.00 to $128.00 in a research report on Thursday, August 22nd. Finally, Morgan Stanley increased their price objective on shares of TJX Companies from $122.00 to $129.00 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 fifteen have given a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price 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.