Teachers Insurance & Annuity Association of America Takes $61,000 Position in The TJX Companies, Inc. (NYSE:TJX)

Teachers Insurance & Annuity Association of America acquired a new stake in The TJX Companies, Inc. (NYSE:TJX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 520 shares of the apparel and home fashions retailer’s stock, valued at approximately $61,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Vinva Investment Management Ltd boosted its stake in shares of TJX Companies by 13.1% in the 3rd quarter. Vinva Investment Management Ltd now owns 52,273 shares of the apparel and home fashions retailer’s stock valued at $6,142,000 after purchasing an additional 6,039 shares during the last quarter. Financial Counselors Inc. lifted its stake in shares of TJX Companies by 4.1% in the 3rd quarter. Financial Counselors Inc. now owns 26,900 shares of the apparel and home fashions retailer’s stock valued at $3,162,000 after purchasing an additional 1,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of TJX Companies by 7.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after purchasing an additional 643,833 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of TJX Companies by 8.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 229,833 shares of the apparel and home fashions retailer’s stock valued at $27,015,000 after purchasing an additional 17,184 shares in the last quarter. Finally, FORA Capital LLC grew its stake in TJX Companies by 60.9% during the third quarter. FORA Capital LLC now owns 17,596 shares of the apparel and home fashions retailer’s stock worth $2,068,000 after purchasing an additional 6,661 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. UBS Group increased 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. Wells Fargo & Company lifted their price target on shares of TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. StockNews.com cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average target price of $129.47.

TJX Companies Stock Up 0.1 %

Shares of TJX traded up $0.16 during trading hours on Thursday, reaching $126.36. 4,491,371 shares of the stock traded hands, compared to its average volume of 5,605,141. The TJX Companies, Inc. has a 52 week low of $87.44 and a 52 week high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $116.97 and a 200 day simple moving average of $112.98. The company has a market cap of $142.52 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 3.10 and a beta of 0.89.

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

TJX Companies Dividend Announcement

The firm 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. The ex-dividend date is Thursday, November 14th. This represents a $1.50 dividend on an annualized basis and a yield of 1.19%. TJX Companies’s dividend payout ratio (DPR) is presently 35.29%.

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.