Mainstream Capital Management LLC Purchases Shares of 11,877 The TJX Companies, Inc. (NYSE:TJX)

Mainstream Capital Management LLC purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the third quarter, Holdings Channel.com reports. The firm purchased 11,877 shares of the apparel and home fashions retailer’s stock, valued at approximately $1,396,000. TJX Companies accounts for approximately 1.2% of Mainstream Capital Management LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other hedge funds have also bought and sold shares of TJX. Norden Group LLC acquired a new stake in shares of TJX Companies in the first quarter worth $289,000. Advisory Alpha LLC acquired a new stake in shares of TJX Companies in the first quarter worth $284,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of TJX Companies by 17.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 125,764 shares of the apparel and home fashions retailer’s stock worth $12,755,000 after acquiring an additional 19,052 shares during the period. Sciencast Management LP acquired a new stake in shares of TJX Companies in the first quarter worth $270,000. Finally, Empowered Funds LLC boosted its holdings in TJX Companies by 57.0% during 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 buying an additional 11,260 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Transactions 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 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 approximately $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent analyst reports. TD Cowen increased their price target on shares of TJX Companies from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Wells Fargo & Company increased their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Bank of America increased their price target on shares of TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Morgan Stanley increased their price target 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. Finally, Evercore ISI increased their price target on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Performance

NYSE:TJX opened at $116.85 on Friday. The company’s 50-day moving average price is $116.07 and its 200-day moving average price is $110.39. 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 company has a market cap of $131.79 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.92 and a beta of 0.89. The TJX Companies, Inc. has a twelve month low of $87.26 and a twelve month high of $121.13.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.04. The firm 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 revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.15 earnings per share 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. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, November 14th. TJX Companies’s dividend payout ratio is currently 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.