Mizuho Securities USA LLC Boosts Stake in The TJX Companies, Inc. (NYSE:TJX)

Mizuho Securities USA LLC grew its position in The TJX Companies, Inc. (NYSE:TJX) by 240.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 297,199 shares of the apparel and home fashions retailer’s stock after acquiring an additional 209,876 shares during the quarter. Mizuho Securities USA LLC’s holdings in TJX Companies were worth $34,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TJX. Ipswich Investment Management Co. Inc. increased its position in TJX Companies by 0.3% in the third quarter. Ipswich Investment Management Co. Inc. now owns 51,121 shares of the apparel and home fashions retailer’s stock worth $6,009,000 after purchasing an additional 165 shares during the last quarter. Coastline Trust Co increased its holdings in shares of TJX Companies by 3.2% in the 3rd quarter. Coastline Trust Co now owns 39,980 shares of the apparel and home fashions retailer’s stock worth $4,699,000 after buying an additional 1,240 shares during the last quarter. Valley Wealth Managers Inc. raised its position in shares of TJX Companies by 10.1% during the 3rd quarter. Valley Wealth Managers Inc. now owns 4,343 shares of the apparel and home fashions retailer’s stock valued at $510,000 after buying an additional 398 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of TJX Companies by 23.0% in the 3rd quarter. Empowered Funds LLC now owns 30,495 shares of the apparel and home fashions retailer’s stock valued at $3,584,000 after acquiring an additional 5,707 shares during the last quarter. Finally, Empirical Finance LLC grew its position in TJX Companies by 2.1% in the third quarter. Empirical Finance LLC now owns 39,880 shares of the apparel and home fashions retailer’s stock worth $4,687,000 after acquiring an additional 822 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction on 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 directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

TJX Companies Price Performance

Shares of TJX opened at $119.98 on Friday. The stock has a market capitalization of $135.32 billion, a PE ratio of 28.98, a PEG ratio of 3.03 and a beta of 0.89. The company has a 50 day moving average price of $116.33 and a 200-day moving average price of $111.44. 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 fifty-two week low of $87.26 and a fifty-two week high of $122.10.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Equities analysts predict that The TJX Companies, Inc. will post 4.14 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be issued 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 1.25%. TJX Companies’s dividend payout ratio is presently 36.23%.

Analysts Set New Price Targets

Several research firms have commented on TJX. TD Cowen lifted their price objective on shares of TJX Companies from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday. Loop Capital increased their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Bank of America upped their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. UBS Group boosted their price objective on TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Finally, Jefferies Financial Group increased their target price on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.41.

TJX Companies Company 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.